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?
Mikoxl. PRO
3 years ago
Just to show what my trade ideas were and where i entered the market..

snapshot
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Mikoxl. PRO
3 years ago
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.

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Mikoxl. PRO Mikoxl.
3 years ago
snapshot
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Mikoxl. PRO
3 years ago
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..
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Mikoxl. PRO
3 years ago
Support strong at 61.8 We could see a potential cypher (and a C leg of a potential bullish Gartley)

snapshot
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