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3 Great Setups For Carry Trading: USD/JPY, EUR/AUD, CHF/JPY

Published 08/07/2018, 04:48 AM
USD/JPY
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CHF/JPY
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EUR/AUD
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USD/JPY is still under the influence of the inverse head and shoulders pattern, which in the last week resulted with a nice buy signal. Currently we do have a correction but this is a flag and promotes the breakout of its upper line. Crucial here is the green support. As long, as we are above, the buy signal is on.


EUR/AUD finally broke the lower line of the sideways trend that lasted for the few weeks. That is a strong sell signal, additionally strengthened by the RBA and their hawkish statement. Price is now drawing the right shoulder of the H&S formation. Potential sell signal can be huge.


CHF/JPY is having a great pattern on the weekly chart. Double top formation on the resistance. Two shooting stars, bounce from the 38,2 % Fibonacci and the breakout of the lower line of the wedge. That can be a strong sell!

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