patterntrader

AUDJPY: Short term upside movement is in the list.

Long
FX_IDC:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY: Short term upside movement is in the list. Consult chart for further information.
Comment: Breaking the pole will cancel the idea. Expecting a breakout upwards with high volumen.
Comment: This structure turned out to be a complex correction. However, upside movement is possible.

Comments

This is excellent . From this view I can definitely see the possibility of the last impulse wave to reach the target. Good luck!
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good
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Azades akrmelo10
@akrmelo10, no cumple eliot tu analisis
Reply
Hello there,
I made a similar analysis like you did here,
according to my double supertrend ATR indicator, we are still in short region,
I wouldn't go long as my indicator say short
at the other hand as @jvon101 mentioned earlier, it depends on coming news,
you know news breaks all rules,
good luck with that

+1 Reply
In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
Reply
Yes your chart looks good. However if I understand the 84.605 level on your chart to be a final target, Well I think on an intra-day basis it might be but it will be too early a target to identify as the end of the ensuing upward move from my perspective
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What is your target ?
Reply
@jvon101, The trade is not yet active. However, if it breaks up with sufficient volume, then I will set my first target around 84.400. Monitoring the pair with care. Thank you.
Reply
jvon101 patterntrader
@patterntrader, Ok Im hoping that the the Aud news tomorrow will drive this up
+1 Reply
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