The AUDUSD market is showing signs of weakness (in favor of the USD) after NFP news on Friday. Thursday reversal in London (as shown in the hourly chart) was a clear manipulation move taking the buy side liquidity from the Asian session. The daily is showing a bearish bias, breaching recent swing lows. We also can see that the swing lows from 11/2 and 12/7, were...
It appears that the current price action is drawing a nice bullish continuation pennant. This is supported by a similar figure being drawn on the RSI graph where we currently have bullish divergence.
If todays candle will be finishing in the green and no lower lows will be plotted for the day it might be worth it to open a LONG position.
The trade will offer a...
Traders,
Seeing AUDJPY -0.08% broken out of the major support (81.780) level tells me this pear is very bearish and wil continue atleast to 79.000 level.
If this gartley completes this will be a nice oppertunnity to hop into the trend.
Best regards
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PAIR: USD/JPY
TTF: 1HR
TRADE: TREND CONTINUATION TRADE
NOTE: These are potential Trade opportunities based
on my own personal Analysis.
Thank you,
Star Prosper
Philip Stewart
It appears that all of the stars are aligning with this pair.
- bearish channel has been respected.
- 618 retracement has been respected.
- major resistance.
- hanging man candle formation.
- 127 extension targets align for impulse legs 2 & 3.
- targets align with previous major structure.
I am anticipating this to be less than simple as it's such an obvious...
