AUDJPY Weekly shark huge pips

15 juin 2019

The pair crashed around 500 pips after a butterfly pattern, did not anticipate this at all. But all the pullback was shallow and after a long time of consolidation price still dropped to our PRZ. It is too fishy that the pair just free fall to downside without any significant retracement.
H4 we can find 2 patterns, bullish Deep crab and Crab

18 juin 2019

Commentaire

AUD/JPY position on , lets see if the 75 pip hesitation zone plus shark 88.6 will be respected after JPY interest rate , if not , cut the loss

18 juin 2019

Commentaire

Finally some movement from NY session , Now we are looking for daily candle close above 88.6 resistance(ideally closed above 75 quarter point ahead of after Japanese interest rate decision). If not , move SL to break even or exit the trade

22 juin 2019

Ordre annulé

Fundamentally, The idea could not be supported any more. All data shows Aussie weakness and the bank has cut it interest rate last month which could lead to a new round of QE, As Aussie's main export through metal(Gold Copper) that is boosting, a 2nd rate cut is not impossible to prevent recession. JPY, on the other hand, although we've see they dont wanna a stronger Yen by comparing their 2yr and 10yr Bond/yield price. In short, the Pair might consolidate for a long time, unless next week's G20 can give us some surprise.