Confluences listed: 1: Trendline breakout and close on the Daily timeframe 2: Change in market structure and new lower has been formed 3: Break and close below support around the 84.7** area 4: Bearish engulfing candle at support Summary: Entry will be taken during the NY session. The trade has a potential RR of 2.5: 1 or more, depending on how deep the pull...
Confluences: 1: Stop loss hunt at previous high on weekly level plus a breakout. 2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair. Summary: Price is currently over extended and has been moving in a up trend for 2...
Price is showing some rejection. I need to see a stronger bearish candle to signal more sellers in the market to push price down. Looking for a break + retest of the 85.50 area to the downside to take price 84.40 and lower. Possible start to a downtrend.
FX:AUDJPY OANDA:AUDJPY
AUDJPY- See daily fibs, Swing trendlines, and support/resistance.
aj potential short, fib channels line w/ institutional levels and traditional fib levels.