I am looking to go long on AUDJPY on the next higher low and bounce off the lower trendline which is now bullish.
I have used the black arrows to show that the last 2 lows were in fact higher lows showing a potential shift in direction. This coincides with some nice deceleration on this FX pair after the recent very bearish run.
Another important confluence to...
Scale in on my original short on AUDJPY, nice triple top with divergence on the RSI, as well as rejecting for the 61.8% fib retracement. Stops an ATR above the highs, with my original TP as it confluences perfectly with the 27% extension of this smaller move.
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...
Head and shoulders on the AUD/JPY pair 1 hour chart.. pattern nearly completed.. im already short got in @ 80.250 as also in a descending channel on the daily and touched the resistance..
neckline of the H&S in line with the minor ascending channel resistance once price breaks these levels with add to my position on the retest