4HR TIME FREAME CHART, Strong uptrend since start of November, setup for a long opportunity with target price at previous high of $1.89. Support at $1.841.
WEEKLY timeframe chart. USDJPY has reached weekly high @ 113.7, this sets up for a potential shorting opportunity as we will see it moving towards the downside after weekly highs.
We can also see that RSI is OVERBOUGHT is at 74+.
ATTENTION !!!
This should NOT be taken as a piece of professional advice just my speculation.
DAILY TIMEFRAME CHART, After reaching Previous support levels on a DAILY time frame we look to take a long position and take profit at 0.618 fib retracement level. RSI(14) has reached the 30 levels on the daily timeframe.
ATTENTION !!!
This should NOT be taken as a piece of professional advice just my speculation.
30-MIN chart, After reaching Previous support levels on 30 min time frame we can see the formation of a "falling wedge" pattern with a potential of a breakout, RSI can be seen below 20 on 30min time frame.
ATTENTION!!! This is not a professional advice just my speculation.
As shown on my previous idea that aud/usd could complete the "W" formation, now that formation is made AUD/USD reaching the previous resistant level at 0.78100 and it is likely to come down presenting a short opportunity.
This is not a professional advice just my speculation.
2H chart, Potential Long position after reaching previous support levels with. RSI likely to continue uptrend well above 70. AUD/USD likely test previous resistance at 0.78100 level With the formation of "W". Stoch RSI forming upward momentum as well.
