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Audjpyshort

AJ SellA mixed bag but approaching key levels and still waiting. 4 possible outcomes. What a week A has had vs J. AUS must be out of lockdown!? (Pent Up Sentiment? Will there be a Monday hangover with RBC meeting minutes next week TUE 01:30 GMT (check out my economic calendar if you can find the website). A couple of things: - Point Of Control (POC) magnetic market profile approach on Daily (150 Bar( key level (84.65). - Monthly Down Trend (bias to recent top?) - Gartley Cheat Sheet Bearish Bat Pattern: > XB - OK > AC - OK > BD - At a stretch (?) > XD - Spot > Must confirm on a lower timeframe, anchors for traditional Gartley TP levels. - Price Vacuum between key profiles on Daily (low order volume). - Weekly POC (150 bar) at 75.50. - Hidden RSI Divergence (? - because its only visible once complete (?) ) - 1,2,3 for traditional outcomes, outcome 4 for contrarian break (?). - 5 elliot traders walk into a room...(?) > Great analysis here showing respect for levels by Danish317: Thanks for reviewing: Don't like. Don't follow. My ideas, DYOR. 🏴‍☠🌊⛵
Short
by ShipsyCapital
2
AUDJPY Sell 7th Oct 2021 - Previous Gartley now possible Bat.Per chart, still working on this pair on the 4hr as the previous bearish gartley develops into possible bearish bat. Not over yet for the bears here picking up some fresh sell orders. Somehow a textbook .886 X-D retrace potential setup. Funnily enough, if you zoom further in on the 30 min chart you'll see this hangs on a doji . On the previous Gartley TP1 reached B per link below. New TP's B,C,A. SL at point X. Surpassing this then, learn, reflect then off to new waters... All ideas are mine, I wouldn't follow them. DYOR.
Short
by ShipsyCapital
AUDJPY - Bearish BiasAUD - Strong Bearish 1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems. 2️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month. JPY - Strong Bullish 1️⃣ Investors’ concerns about the uncertainty of the economic recovery could support the value of the JPY. ===== Technical ===== We are selling AUDJPY after it failed to break the resistance level. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Short
by MonsunAsia