Get started
MeltzCarlos

AUDJPY Going long until further notice

Long
Australian Dollar / Japanese Yen (FX:AUDJPY)  
MeltzCarlos  
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis btmm quarterstheory long-term Forex tradingmarketacademy
1
0
trendanalysis chartpattern beyondta btmm quarterstheory long-term forex tradingmarketacademy
Price struggles to make a new lower low and could not reach the quarter level and psychological level of 75.00. We can see a double top formation coming along with ideal divergence after a macro level cycle finished on a wedge that has been occurring for a matter of weeks now. Going to be looking for long opportunities

Confirmations:
- Double Bottom
- Price struggles to make a new low and reach quarter level
- Price divergence on TDI and above liquid 50 (yellow line in TDI)
- macro cycle has finished with 3 long term pushes to the downside
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.