Price has rejected the 86.00 level numerous times. recent trendline break. Looking for price to drop around the 84.73 and lower if we there is no support at that level. Aussie is losing strength against yen to start off week. Looking for price to hold under 85.75
My analysis on this one is based on a Smart money concepts that some retail traders hardly ever use. We have a retail support zone that was violated (Manipulation), and resulted in us having an Order Block. I scaled down to the H1 to properly identify the Order block candle. price has since been bullish. Ideally, after an Order Block is formed, we expect price to...
uptrend market. going up respecting 200 EMA. uptrend continuation is expected.
AUD/JPY SELL AREA @ 69.85/70.00 SL: 70.85 TP: 67.85
Here is another trading snack! AUDJPY has created this really nice bearish wedge pattern. In my opinion there is two good ways to play this pattern. As always patterns can and often do break in the opposite direction from ones own analysis or market bias’s. Having said that, trade if you must with your own risk tolerances. ‘‘Tis also isn’t trading advice, but my...