The overall bearish trend of AUDJPY is approaching some significant zones while riding a counter trendline.
We are in a bit of a range right now with markets giving us a daily doji on Monday.
We are now awaiting market direction to either break the counter trend or if we will get a break of the monthly zone to confirm a bullish trend.
Time will tell.
What's good Traders,
Let's kick back off with some charts shall we. This markup is really geared towards showing traders what to look for when placing a trade but some analysis also went into it.
I am looking at USDCAD as it approaches the bottom of a monthly wedge. Market is currently ranging however we will be looking for a probable breakout pattern to take...
AUSSIE is showing it's volatility with some strong shorts.
The market is currently approaching a 17 year low of which I will be looking at Fundamentals to see if there is a probable reason for same.
Upon reaching those lows I will then look to see if the market will respect it or break right through to new territories.
Keep watch with me.
Did you catch the...
We have seen a nice break and respect of trend lines with AUDUSD.
The pair is now approaching a critical zone where a decision has to be made! We have seen an initial bounce now let's see if we will get a push or break.