Roker1
Long

AB=CD pattern with confluence on AUDJPY

FX:AUDJPY   Australian Dollar / Japanese Yen
Hey guys,
i want to share with you this analysis i've made on audjpy             . In the bigger picture ( daily timeframe ) price has recently broke and closed above a structure resistance , signaling the intention to go higher. Assuming that, i'm now looking for long opportunities down on lower timeframe (such as the 4H). Here we can see price is pulling back into the previous support and by doing that it has created a simple AB=CD pattern that completes right into the structure along with a . 618 retracement of the bigger leg on the daily.
With this situation i'm waiting to see the price's reaction to this level, in order to buy if i notice some weaknesses.
Also pay attention to the RSI condition when price will come (if it will) to our zone, for an oversold condition could be used as another clue of price's reversal.
I'll keep you updated.

If you want to share your standpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out