1: Stop loss hunt at previous high on weekly level plus a breakout.
2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops.
3: Price has been moving very quickly which signals an over extended market for the pair.
Price is currently over extended and has been moving in a up trend for 2...
1) HH HL
2) Upward trend
3) Support at 84.074
1) Evening star
2) Resistance zone at 84.719
Plan: After making evening star on 4H one can take a short position from here for the target of 82.768.
After a big impulsive move to resistance we can start looking for short opportunities for the week ahead, I am currently marking up the key levels to look out for
I will be looking on a lower timeframe to enter a short position to the most recent support area
Price has been bullish for the last 6 six days and broke through a supply zone and found rejection around 84.40.
If price falls below Daily Supply zone there could a lot of sellers coming in the market to push price down.
Still bullish on rsi . Need to get a strong bearish candle printed to confirm trend change. Aussie has been very bullish on this pair .
AUDJPY potentially forming DBW pattern (DESCENDING BROADENING WEDGE) the target price based on cluster areas Fibonacci retracement and expansion (TP1, TP2, TP3) max SL 77,827
trading call : buy on weakness
Price has found support at 81.50 and pushing higher past 82.00. Just reached a supply area and is currently pushing through.
Looking to see what happens around 82.25-50 Possible rejection.
if not then pushing higher to 82.75 area.
Price is having issues getting above 81.00 without getting rejected. Possible drop back down to 80.25 and keeps pushing lows. Still over the 200 ema for now.
will wait for nyc session to look furthur deeper.
Hellooo...My Dragon Friends
I see AUDPY break trendline Up, may be see some retest.
and going down again, make new trendline, downtrend.