Australian Yen Selling off the Pivot Line

2016年2月16日

I see AJ in a channel with a beautiful morningstar providing us with the upmove off the bottom of the channel We were preparing to take this long as it broke a pivot line at 81.84. The bullish structure did not set up so we were not in the trade long. Instead, we now a daily close in the formation of a dark cloud cover. I am looking for additional selling on this, possibly some sideways action and then a retest of the morning star below.

2016年2月17日

交易進行

I took one bounce off the pivot line and am looking for structure here for the second short.

2016年2月18日

交易進行

First one off for break even. 40 pips so far.. Pull stop to break even. Thanks!!

2016年2月19日

交易進行

Test the morning star. If you on from the pivot keep going.

2016年2月19日

交易結束：目標達成

Support here from the last move north.. Take profit or remove partial. Yens could fall further but lots of support here at 80.48. This was a great trade.

2016年2月24日

手動結束交易

Look for sideways movement as yens may take a little breather this afternoon. Check asian session to see if bears continue the trend on yen selling for the next 24 hours.

2016年3月31日

交易進行

Just a reminder of the current structure on AJ. Hence, I have had nothing except bull status for the last several weeks. I am getting a lot of private messages and yes, I do see the double top and will do a new chart on this prior to nonfarm tomorrow (April 1). If you are long and cannot ride this, just flatten or pull profit! Not a tough decision. I was looking for 87 and higher from more recent charts. Obviously we have not gotten there, but I think this chart illustrates why one should not panic and the potential for longs and shorts within structure. AJ is an easy pair to find support/resistance within structure and is the easiest of the yens to trade.