here is the bigger picture of aussi yen. i will post the daily and 4hr set up soon in the comments!
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
karimfx1
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1hr chart! the arrow pointing down is simply there to show where the next possible move is in the long wrong. prices can do various things before getting there such as consolidation, form flags, wedges etc. currently there is a flag formation on this pair and i will look to sell the break out.
karimfx1
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4hr chart. as you can see prices have broken the main channel. and its making new lower highs and lower lows. it could make another impulse to the 81.500 are (also shown on the daily chart) and it could continue making corrections on the way to that area.
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