Forexpositive
AUD/JPY Expecting a move up in Short term for correctionYo Traders,
AJ absolutely slid last week and the resistance did not hold as i expected.
If you see on the multiple TF analysis, the daily TF is now at the 200 EMA. If this holds we will be in a correction for the last swing approx in between the 61.8% and 50% FIB level on 4H TF. The RSI is also presently in the oversold range.
Lets wait and watch how the price moves.
Thanks
Madtradex
Euro/Swiss Expected to go longYo traders,
Another perfect setup for Euro.
EC has formed a perfect triangle pattern on the 4H TF.
Defined ABCDE (denoted by the arrows) points have been marked on the triangle and based on that i am expecting the price to move up with TP at Resistance.
Lets wait and watch
Thanks
Madtradex