Trade plan 18 October 2016

AUDJPY Daily

-Daily chart Price Action Price first broke through the descending triangle ,Price also broke through the Psyc level 78.00 with a projected high to the 81.500 psyc level a break though the 81.500 will trigger a long term trend Stochastic is currently overbought Market The 55 and 21 Moving average indicate a bullish market

AUDJPY H4

-H4 chart Price Action Price is currently in a up or bullish trend, Price also formed a ascending Scallop patten which is an indication of continuation,Price also broke through the 78.00 psyc level forming a role reversal Stochastic is heading to the overbought zone Market The consist of a great angle of separation between the 55 and 21 moving averages which confirms the bullish market

AUDJPY H1

-H1 chart Price Action Price is currently moving in a bullish trend,price also broke through the psyc level 79.600 a pull back to the 79.600 which will form a role reversal Market The 55 and 21 Moving average cross has occur with a great angle of separation which indicates a bullish market Planed Entry Looking for a pull back to the 79.600 on the H1 to enter Entry Level :79.600 SL : 79.620 TP : 81.500

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