MARKET ANALYSIS: The pair is now trading inside a channel now. If the channel support holds we can expect a upward move to the next possible channel resistance. Mean while there is support under the channel support. If channel breaks the market can get a support hold and can rally up to the next possible resistance level.
P.S: It's not necessary that the market need retrace then go for a uptrend it may go aggressively too. So use trading methods to benefit ur need. Cheers!
Trade active
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volatility started.
Trade active
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Near targets
Comments
Trader_Dale
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Thanks for your great analysis!
Here is my view on AUD/JPY if you are interested:
Strong selling activity from 87.50 shows that strong sellers are present and that the long uptrend is now over. The market will be probably in wider rotation now and I will go short from 86.61 because this place was the beginning of the sell-off that started 2016-12-15.
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
AkashGaur
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Have a completely different perspective on this pair
Here is my view on AUD/JPY if you are interested:
Strong selling activity from 87.50 shows that strong sellers are present and that the long uptrend is now over. The market will be probably in wider rotation now and I will go short from 86.61 because this place was the beginning of the sell-off that started 2016-12-15.
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale