Chart: FX:AUDJPY 4h I think this could be the end of the recovery of the market. My Setup for the next week looks like this.
Chart: FX:EURUSD H1 My actually Setup for long on EUR USD
I think we may have finished retracing for now and heading down. -I want a break and close below the 4h trend-line in blue here -Coincides with fib 0.618 retracement -ABCD Structure in play -We just bumped our heads on major monthly resistance of 1.4000 and held below -A lot of long wicks around the 1.4000 too -Targets as shown -Another reason why we could be...
FACTORS OF CONFLUENCE + With the overall trend. + Retracement into the fib value area. + Bottom of ascending channel. + Previous resistance level becomes support. + Look out for reversal candle patterns to the upside in this area. ( if this week closes with a doji it'll be a great sign of deceleration to the downside and a good clue it's even closer to a...
Right now we can see that the price has hit a key support level. I predict this will be the start of a bullish trend.