Should We Buy?

The price has been hovering over the SR levels for the past few days.

Strength is strong. Best bet is to buy on retracement for today.

Levels to watch 83.50

TP at 84.60

Continue To Long?

RBA decides to remain unchange boost up AUD. Earlier price retrace to SR level (making the lower shadow to today's candle?) and rebound.  Today trend seems strong.

Enter Long at 83.00

TP at 83.50

RBA Keeps Current Interest Rates

RBA keeps interest unchange. The news impact made today's distance covered.

I see exhaustion at 82.70

I try to enter Long at retracement level 82.35

Follow Trend?

As per my previous post. The price is at SR levels on daily chart.

Today's outlook, early today price seems to form the lower shadow of the day candle. Trend is strong.

Enter Long.
Risk : Reward of 1:2

TP @ 83.00
SL @ 81.70

Many Tops

Looking at the daily chart, it seems that the AUDJPY had reached its strong SR levels again.

Will it break the SR level or reverse? Next week will have some news that will impact AUD. Look out for it.

Going Long

Strong trend. Going Long.

TP at 82.20

SL at 81.30

Testing my new strength indicator. Remember to move your stop when you are halfway to your profit. My painful lesson from yesterday.

Shorted Again

Strong down trend. TP at 80.40. Today got quite a number of news, be careful to trade today.

Reflected on yesterday bad trade made me understand more on my strength indicator.

This is what I have concluded.

Strength between

45 - 55

Case 1 : Ranging Trend (Price should be horizontal)

Case 2 : Trend making a reversal (Price moving in a different direction)

56 - 70

30 - 44

Case 1 : Price making a retracement

Case 2 : Gaining strength

> 70

< 30

Case 1 : Strong trend