FX:AUDJPY   Australian Dollar / Japanese Yen
151 5 0
Right now at point C:
- C (blue zone) is 38.2% retracement .
- A doji formed (1H)
- Price broke out of the triangle at point C to the downside and now heading towards D, retested the breakout. (5M chart)
- A retest on C zone (15M). Formed almost equally high, but RSI is showing divergence.

Will price come into the PRZ at point D?
Support strong at 61.8 We could see a potential cypher (and a C leg of a potential bullish Gartley)

snapshot
Reply
61.8 has been tested a couple of times, 50% has been tested a couple of times.
Currently, price is pushed back up with a channel. If you measure things up, you see there is a potential bearish cypher forming at..
Reply
As soon the 61.8 was hit buyers came back into the market. Price spiked up and is now restesting previous support @ the 50%. Again, heavy fight between the bulls and the bears..

But...on the 4H chart RSI turned below 50.
There's a good chance price will form a bat a 88.6 retracement.

Reply
snapshot
Reply
Just to show what my trade ideas were and where i entered the market..

snapshot
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out