AUDJPY is approaching our first resistance at 81.97 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension, long term descending resistance line) where a strong drop might occur above this level pushing price down to our major support at 80.79 (horizontal overlap support, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci ...
AUDJPY is approaching our first resistance at 80.71 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 78.44 (100% Fibonacci extension, 76.4% Fibonacci retracement).
RSI is also facing bearish pressure from its descending ...
AUDJPY is approaching our first resistance at 80.64 (horizontal overlap resistance, 38.2%, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension, bearish channel resistance) and a strong drop might occur below this level pushing price down to our major support at 78.37 (bearish channel support, 100% Fibonacci extension, 76.4% Fibonacci retracement). ...
I am looking for this drop off resistance to go down in between 80.678-80.511.
That would put the market right near the 61.8-78.6 on the fib levels.
After hitting those points, I would like to see the market start to push back to the upside.
Ending at the 83.568 level where historic resistance and previous reversals were at.
The Tidal Shift Strategy has just bought AUDJPY at 80.695. The system recommends entering this trade at any price between 80.508 and 80.882. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.14, which suggests that the AUDJPY could be trending upwards.The 14-period Average ...
Click on the play button below for more detailed breakdown:)
https://www.tradingview.com/chart/AUDJPY/QHnkvU7d-AUDJPY-BUY-300-PIPS-SETUP/
For your convenience, I have done up this post so that you can track the progress of the trade by clicking the Play button above.
If you like what you see, please like and follow me BELOW! ...
If you like what you see, please like and follow me BELOW!
https://www.tradingview.com/u/SideIncomeSG/
Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives!
Trading is the hardest way to make easy money.
You can track the progress of the trade by clicking the Play button ...
AUDJPY is approaching our first resistance at 80.71 (horizontal overlap resistance, 100% Fibonacci extension, 38.2%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 79.74 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also ...
Technical Analysis: Bias Bullish
- Stochs have rolled over from oversold levels
- RSI has edged above 50, bias higher
- MACD shows bullish crossover on signal line
- Price action has broken above 21-EMA, bias higher
Support levels - 80.38 (21-EMA), 79.84 (5-DMA), 78.68 (Sept 7 low)
Resistance levels - 81.19 (55-EMA), 81.97 (100-DMA), 82
Good to go long on dips ...
The Tidal Shift Strategy has just bought AUDJPY at 79.926. The system recommends entering this trade at any price between 79.757 and 80.095. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 3.28, which suggests that the AUDJPY could be trending upwards.The 14-period Average True ...
Look left, the rule of Elliot wave: Wave 1 (61.8), Wave 3 (38.2), Wave 5 (23.6) and RSI = 68 (100-32);
At the present, the same rule occurs: Wave 1 (61.8), Wave 3 (38.2), Wave 5 (23.6) and RSI = 32 (100-68);
Thus, I predict AUDJPY will uptrend when He repeats The Fibonacci's ratio for counting Elliot wave
------------------------
Thanks for watching my chart, Good ...
AUDJPY is approaching its support at 79.18 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 80.68 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce could occur.
