Hello traders,
AUDJPY Is going upward.
Our main Scenario is the long one:
Long Scenarios:
After breaking 95.050, We'll wait for a retracement.
TPs are: 95.650, 96.600
SL: below 94.700
Short Scenario will be published in case of breaking the upper trend-line.
Pivot points, Support and Resistance and also Sentiment data were used for this analysis.
After breaking through the down trend and big resistance, we might have a pullback, If it wont be a fake break through, It is considered as a good buy posotion with TP of 'Take Profit' area and SL of FIB RET 0(307$)
We have bought last time with gartley pattern from 112,
and close with around +300 pips profit.
Now wait a new buying opportunity
of the retest trend line at 0.618 (green zone)
Multiple swing and day trading setups on the 15m and 60m time frame.
I've simply applied predictive analysis to forecast price action over the coming days or weeks. Techniques I used for this are advanced patterns, trend lines, breakout patterns and Fibonacci ratio levels.
The positive expectancy on this type of strategy has been very high provided that we see...
2. GBP/USD
Recently, resistance has been eye-catching on GBP/USD in the 1.5660 area where price closed off of last week not only rejecting this price proximity but also warding off trend line support that price action broke through in the last week of August. This duo of resistance proposes a price movement to the downside over the coming days.
entry - below...
