this is what i'm looking at this morning: as you can see on the left hand side of your screen (daily chart), price is having rough times breaking through 84.50 level. Looking back in the past, you can see this level has played both a role of support and resistance and this is telling us that it could act again as support. As a confirmation, i went down...
hello guys, we've a new possible opportunity:
clue 1--> ABCD movement complete, turning in doji candle (today)
clue 2--> 50 day EMA resistence level, no close for now above
clue 3--> doji candle indicates possible reversal pattern
We're approching also a resistence level, eyes on dat
for now we look at the chart and w8
AudJpy - Weekly chart - I see price in a bullish structure and on a great zone to enter a buy trade with great risk to reward of over 7:1 and possibly hold the trade for 3 months. Swing trade based on weekly time frame.
Currently right on top of a major swing support level. We could see some continuation to the down side, seeing at there was a fair bit of Yen strength las week, or maybe this pair is exhausted it's sell power and we may see some stops being hit and positions being closed and some Bullish candlestick patterns to get into a long trade? Anything is possible at this juncture.