AUDJPY - A break to either direction!!
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AUDJPY - Trade Idea!
Technical view:
Support: 84.215, 83.880, 83.515, 83.375, 82.975 (Keep an eye on 50EMA)
Resistance: 84.760, 84.940, 85.460, 85.915
Pattern: Wedge
Technically we within a small range at this current moment of time. A break to either direction to next support or resistance zones. Add alerts to make it easier to trade either direction!
Fundamental:
Major move from the market this week will be done by FOMC this week, keep an eye on dot plot. Interests rates will most likely be left unchanged.
Other factors to keep in mind - Yields.
Bonus: I got given a question privately which I feel will help a lot of people
How do you trade cryptocurrencies?
As we had the great momentum towards upside. The reality is - It's very easy to add the same analysis you are doing within FX - just break out strategies and transfer it to a mostly retail driven market to cryptos. I use the same strategy on most assets I trade. If you're trader already within FX, transferring this skill should be easy there is no need for extra fancy costly courses, given by great sales people. The only thing you will need to go in-depth research into where and what exchange you'd like to trade from, researching coins you're interested in and making sure if you do trade within your broker they are regulated. I trade mostly futures.
Follow your own trade plan.
Have a great week ahead,
Trade Journal
(Just a trade idea, not a recommendation)
Technical view:
Support: 84.215, 83.880, 83.515, 83.375, 82.975 (Keep an eye on 50EMA)
Resistance: 84.760, 84.940, 85.460, 85.915
Pattern: Wedge
Technically we within a small range at this current moment of time. A break to either direction to next support or resistance zones. Add alerts to make it easier to trade either direction!
Fundamental:
Major move from the market this week will be done by FOMC this week, keep an eye on dot plot. Interests rates will most likely be left unchanged.
Other factors to keep in mind - Yields.
Bonus: I got given a question privately which I feel will help a lot of people
How do you trade cryptocurrencies?
As we had the great momentum towards upside. The reality is - It's very easy to add the same analysis you are doing within FX - just break out strategies and transfer it to a mostly retail driven market to cryptos. I use the same strategy on most assets I trade. If you're trader already within FX, transferring this skill should be easy there is no need for extra fancy costly courses, given by great sales people. The only thing you will need to go in-depth research into where and what exchange you'd like to trade from, researching coins you're interested in and making sure if you do trade within your broker they are regulated. I trade mostly futures.
Follow your own trade plan.
Have a great week ahead,
Trade Journal
(Just a trade idea, not a recommendation)
Dagangan ditutup: sasaran tercapai
Nota
Beautiful moves across all currencies - Pull backs! Great opportunities. For short and long side.
Penafian
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