Zoom out to the Daily. Mark Key Trends and Key Levels in the market. Price currently residing around 1.38 acting as support. Break to the downside incoming?
Keep things simple. Trade these levels and overextensions.
Here we have AJ on the Daily Chart.
Price has been respecting this trendline and is currently pushing higher towards the 85 whole level in price that has acted as previous resistance. We are very overextended on this pair, with AUD strength and JPY weakness across the board for months.
Lets see what happens on this pair if we hit the 85 level!
Here's an update to yesterday's idea.
We've seen price fall from our highlighted level, in line with a triple top formation at a whole psychological level in the market. Make sure you check these whole levels and familiarise yourself with actual price. It can be very useful!