Waiting for the support @91.00 to be broken Will look for a retest and price action. Weekly trend line broken Trenline broken Ma's crossed bearish Price crossed cloud Cloud crossed to the downside
With a 4h chart bullish trendline as support (pink); I expect to see the price test the supportH4, eventually synced with trendline support, and Then a movement upward to point D of this Gartley pattern; IF so, a short opportunity is created with targets around 38.2% and 61.8% AND leg retracement. Pattern objective: Short at D Point B: 61.8% XA can't touch...
I'm taking a small risk here; Targets on chart; Safe Trades; open.spotify.com
Targets on chart; Safe Trades; open.spotify.com
AUDJPY wait in the wings TRADEIDEA365 from JAPAN
IF=THEN Notes on chart! Safe Trades; open.spotify.com
We have broken the upside channel and looks to have retested. Weekly close bearish engulfing. Break of 89.00 then the next downside support is 87.00.
Summary: All signs are pointing to a significant breakdown in the AUD/JPY... Commodity currencies are under extreme pressure due to a global slowdown and suppressed commodity prices. In an extremely volatile and high risk market, investors will fly back into the Yen as a safe haven and dump commodity currencies. We also have upcoming rate cuts coming out of...
POTENTIAL COMPLETION OF XABCD PATTERN ON AUD/JPY, WITH THE COMPLETION LEG FINISHING ON THE 0.382 RETRACE OF LONG TERM SWING HIGH/SWING LOW. A BEARISH REVERSAL CANDLE ON 30M TIME FRAME MAY ADD TO FURTHER CONFIRMATION OF SHORT TERM SELLING, WITH THE 91.30 HANDLE ACTING AS STRONG STRUCTURE RESISTANCE. DAILY SUPPORT ACTS AS A NICE POTENTIAL PROFIT TAKING AREA, SHORT...
Short Below Trendline candle close will open Doors To Flag Take profits Entry@candle close above trendline Stop loss Above Breakout Trendline High Close OF Other Candle Take profit At Flag
AFTER AUD/JPY RECENT GAP AND TEST OF A LONG TERM 0.618 RETRACE, IT HAS FAILED TO BREAK ABOVE PREVIOUS LOWS; TWO TESTS OF STRUCTURE RESISTANCE AND BEARISH PRICE ACITON OFFERS UP A GOOD RISK REWARD SHORT OPPORTUNITY. A SIGNIFCANT BOUNCE OFF THE NEW 0.618 SWING HIGH/SWING LOW AS WELL AS A BEARISH ENGULFING CANDLE, INDICATES THAT AUD/JPY REMAINS CAPPED BELOW THE...
My moving trend indicator shows possible move down. It either goes directly down or after initial pullback towards identified resistance level. In the later case I will enter with a bigger lot size after pullback as R/R ratio is extremely favorable at this area.
EDIT : THE MENTIONED PIN BAR IS YESTERDAY'S PIN BAR D1. SORRY FOR THE CONFUSION THERE. price went below the pin bar triggering sells while market maker are loading their buys because of the resistance turned support simple analysis. this is the market trying to stop out new traders. which they did successfully. this bull may run out of steam at the 61.8% or...
After a NSH at 95.28 a possible BAT pattern appears. Ratio confluence turning the blue area into PRZ. T1 @ 0.382 and T2 @ 0.618. SL must be above X
ENTER THIS TRADE FOR GREAT RISK REWARD. PRICE REJECTED FROM 93.26 LAST WEEK FORMING A MINI D1 PIN BAR. IT IS MINI BUT ON THE LARGER SCALE IT WAS ALSO REJECTED FROM THE WEDGE PATTERN. TRADE THE WEDGE FROM THE TOP TO THE BOTTOM, OR AT LEAST TO THE 20SMA BEFORE UPTREND MAY CONTINUE. H4 RSI DIVERGENCE GOOD RISK REWARD RISK 30PIPS TO MAKE 90 PIPS QUICK IN QUICK...
We might have a bat pattern forming on AUDJPY. Remember that a bat pattern has: XB is a .382 or a .500 (unfortunately in this case we're over a .500...) AC is is a .382 or a .886 (we're just above at a .906 here...) BD is a 1.618 or 2.618 (we'll be just under at the 1.426s) XD is a .886 and If you zoom out of the chart and look left you'll see we have a little...