The Aussie Yen.

Good morning Dynamic Traders,

The blog was what I was going to post yesterday but due to an unexpected visit from someone,I was unable too.

The currency pair is of the AUDJPY and is to keep on your watchlist for close scrutiny as a possible shorting opportunity may arise using the appropriate filters although one confluence has not occurred, it is still worth monitoring.

The reasons are the possible H&S pattern forming, and also at present the price action is currently around the golden mean of the retracement starting 11th January and is possibly forming a DT pattern with the short term trend down.

However ensure to use your filters correctly and use caution as the V.I. is just south.

If the recent high of February 22nd is broke this would negate the possible trade and re-evaluation would be necessary.

Always ensure to do your own analysis before trading.

















Good luck.

Clayton Farnworth.

The Australian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

Todays chart is of the AUDJPY, which should be put on your watchlist as it is coming into a position of AA as taught by 'The Dynamic Trader'.

Although three of the rules are in place, the fourth has yet to be confirmed and so patience is needed to keep off the trigger happy finger for entry until this confluence has been satisfied.

Whilst you are waiting for this to happen, you could also use your discretionary analysis to look at some possible reasons why this may not happen, i.e. former resistance and RN's thus helping to make a decision as when to enter should these be surpassed, otherwise it may turn out to be a 123/DT.

The trend is up but has had a deeper pullback than would have been liked and at present has tagged a fibonacci reversal with a spinning top candle with the latest up move, thus discretion is needed with this AA posibility confirming the need to await the final confluence.

As always please ensure to do your own analysis before trading.

There will be no analysis tomorrow.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Australian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

Todays chart is of the AUDJPY on the daily timeframe.

This could be one to keep a close eye on as we are currently entering the buy zone of DD after making a breather level on the last retreat.

Although the V.I. was breached at the beggining of May, we have since fallen back to retest it i.e. the afore mentioned breather, and now it is currently trying to advance again, but former support now acting as resistance clustering with the figure is causing the barrier.

Depending on your stance and entry criteria you still need to keep a close eye on this pair for possible pips.

Remember to do your own analysis before taking any trade, and use fibonacci as this can give you a possible target zone which clusters with other confluences you know.

Charts courtesy of AdvancedGet.

Good luck with your analysis and trading.

Clayton Farnworth.

The Australian Dollar Japanese Yen.

Good morning Dynamic Traders,

Welcome to another trading week and I hope you all have great success with your analysis and trades.

Today I am looking at the AUDJPY on the four hour timeframe which is showing a possibility of various scenarios and so I will trade accordingly.

Whilst doing your own analysis you will see that the daily timeframe has recently been around the V.I. and has the MACD signal lines heading south.

If you then go to the four hour chart below, one possible pattern is the H&S as shown which at present is showing a break of the neckline although this is not complete at time of writing.

However whilst this is happening there is short term convergence which could imply a possible bounce and when tied up with price action being at the figure and fibonacci cluster zone and former resistance I am waiting to see what prevails here before entering the trade, as this could pullback to do a retest.

This pair is one to await more direction unless you wish to be aggressive but for me I shall await more confluences to accrue.

As always please do your own analysis before taking any trades.

Charts courtesy of TradeStation.

Good luck.

Clayton Farnworth.

Australian Dollar Japanese Yen.

Good afternoon Dynamic Traders,

Many thanks to my fellow bloggers for your very kind words and may I take this opportunity to express how much of an inspiration you each have been to me with your excellent updates from which I have learnt a great deal, and the first part of my routine when I arrived home in the evening was to read what each of you had written as over the months they extended my knowledge immensely, thank-you to each of you.

Tonights chart is of the AUDJPY, as on Friday last I did this cross on a smaller timeframe for quick profits to the downside which did produce a possible profit of over 100 pips, but now I would like to analyse it as a possible swing trade to the downside in the near future if confluences and your trading plan permit.

The daily chart below shows price action in a consolidation after the large move down which is producing the squeeze, and at present we have not quite tagged the trendline which does cluster around the higher fib. reversal area whilst just north of where we stand is a good fibonacci cluster area incorporating the lower reversal, after the move up from early February.
There is also divergence to a small degree short-term on RSI.

Confluences are building and we can only use them to our advantage, but ensure as always you do your own analysis before taking any trades, but as usual be patient also, as there are news items out on this pair early hours tomorrow morning.

Charts courtesy of TradeStation.

Good luck and enjoy your trading.

Clayton Farnworth.

Aussie Dollar Japanese Yen

Good morning Dynamic Traders,

Due to late commitments last night I am posting this morning instead.

The chart below is on the four hour timeframe of the AUDJPY, and I am looking for a quick shorting opportunity.

As you will be able to see there is a possible resistance area here whilst we are in a longer term downtrend, although this cross has not reached its trendline resistance we are at a triple top scenario with an OB Stochastic.

I am wanting to take a short around this area for a quick gain so long as I get confirmation on the lower timeframe using an aggressive stance with a small SL.

Due to its volatility I will manage this position very carefully and as you can see we are at a figure area.

If we do close above the possible resistance there is then the trendline to overcome, but I shall use the confluences to my advantage.

As always do your own analysis before trading, and have a great weekend.

Charts courtesy of TradeStation.

Always have fun trading.

Next post will be Monday.

Clayton Farnworth.

Good evening Dynamic Traders,

I hope you have all locked in your profits on any of your trades and perhaps tightened your stops where needs be.

Tonights chart is one for the watchlist, hopefully to get underway this week. It is the AUDJPY and is for the webinar attendees , regarding DD. It is not ready as yet but keep checking as it could soon be heading up but don't jump in straight away , use your discipline and wait for the correct time. An extra confirmation would be your ESLT on your BOB of your trendlines.

As usual , please do your own analysis, and enjoy your trading.














Clayton Farnworth.