In this I use several technical analysis tools and patterns to analyze the AUD/JPY currency pair on a 4-hour timeframe. Here are the key elements present:
### *Patterns and Tools Used:*
1. *Downtrend Channel:*
- The price is moving within a descending channel, marked by parallel trendlines indicating a downtrend.
- The chart highlights "Lower Lows" (LL) and "Lower Highs" (LH), reinforcing the bearish trend.
2. *Order Block (OB):*
- A supply zone is marked in blue at the top, indicating a possible area where sellers are active.
3. *Break of Structure (BOS):*
- BOS labels indicate areas where the price breaks previous support or resistance, confirming a trend continuation.
4. *Dynamic Trend Line (DTL):*
- A diagonal trendline is drawn to capture the overall direction of the market.
- The price is respecting this trendline as resistance.
5. *Projection & Target Area:*
- A pink-shaded area projects a potential price movement downward, suggesting further decline.
6. *Support & Resistance Zones:*
- Horizontal green lines indicate areas where price found temporary support before continuing the downtrend.
### *Overall Analysis:*
The chart suggests a bearish continuation with price action following a descending channel. The key technical elements used are *trendlines, order blocks, break of structure (BOS), and dynamic trendlines (DTL).* The trader appears to anticipate further downside movement based on these signals.
Would you like any further insights into specific aspects of this analysis?
### *Patterns and Tools Used:*
1. *Downtrend Channel:*
- The price is moving within a descending channel, marked by parallel trendlines indicating a downtrend.
- The chart highlights "Lower Lows" (LL) and "Lower Highs" (LH), reinforcing the bearish trend.
2. *Order Block (OB):*
- A supply zone is marked in blue at the top, indicating a possible area where sellers are active.
3. *Break of Structure (BOS):*
- BOS labels indicate areas where the price breaks previous support or resistance, confirming a trend continuation.
4. *Dynamic Trend Line (DTL):*
- A diagonal trendline is drawn to capture the overall direction of the market.
- The price is respecting this trendline as resistance.
5. *Projection & Target Area:*
- A pink-shaded area projects a potential price movement downward, suggesting further decline.
6. *Support & Resistance Zones:*
- Horizontal green lines indicate areas where price found temporary support before continuing the downtrend.
### *Overall Analysis:*
The chart suggests a bearish continuation with price action following a descending channel. The key technical elements used are *trendlines, order blocks, break of structure (BOS), and dynamic trendlines (DTL).* The trader appears to anticipate further downside movement based on these signals.
Would you like any further insights into specific aspects of this analysis?
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.