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MarketFrequency
Jul 8, 2023 12:21 PM

Market Frequency - Kite Analysis - AudJpy H1 - Short Short

Australian Dollar/Japanese YenFXCM

Description

Analysis
- Black: D1 trend long fork (between the median line and the upper parallel)
- Red: H4 long fork (median line) and previous week's levels
- Orange: H1 short fork (retests to the upper parallel) and previous day's levels. There is no valid H1 fork.
- Yellow: m15 short fork (retests to the lower parallel)

Next move
- Purple: H1 trendlines,
- Blue: H1 levels to be retested
- Long correction and short trend. If the m15 fork breaks, it is long. Its target is the top of the forming H1 fork. Complicated opposite movements may occur.
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