It looks like bearish gartley patten... Sell @ 84.15 TP 1 @ 83.54 TP 2 @ 83.28 SL @ 85
Well i tried drawing the elliot waves, and after drawing all waves, it looks like head & shoulder pattern. I think Price can fall again below the Golden Ratio 0.618 area.....As if we note the gap, it shows that price broke below this neckline earlier...but made a temporary swing from 38.2% area.....According to the daily time frame, it is still possible to see...
Currently 2 setups.... Setup (a) Short @ 95.65 TP 93.05 SL 98 Setup (b) buy @ 92.06 TP 95.65 SL 88
AUD/JPY Strategy: Long The AUD/JPY pair has been rallying since early April and occasionally has reversed creating a bullish trend line. This line has been tested especially on 5/7 through 5/11. This consolidation led to another rally which has since retraced and is now testing that trend line. Price at the moment is at approximately the 61.8% retracement of...
The aussie-yen cross tested a trend-line resistance at 93.30 yens Friday, and price action before the week's close suggests renewed selling pressure starting on Monday. 91.80 and 90.80 seem like plausible targets for short positions below 93.30. If the TL resistance breaks, however, I'd be rather bullish with an initial target of 94.50 given that prices are...
lets see for a small risk who will win at this critical level. Small stop Large reward. Watch price action very closely. This is purely based on supply and demand levels however the AUD did get a good kick from positive news in the region last night
As you can see above, the latest swing high at 93.636 was just a few pips away from completing a gartley pattern. Price is currently printing HH and HL indicating an uptrend, and providing a possible scenario where we could see price make a final stretch completing the gartley, and testing the supply zone before making a stronger reversal. Also, price has...
1. Support Broken. 2. Macd increasing momentum down. 3. CCI falls out of Channel. 4. Falling RSI, 5. Starting to drop 20 MA, at the moment platau though should fall shortly. GDP increasing in Japan and return to inflation.