Price action has reached upper channel limits at aprox 98.30 level. Strong upward trend. Spinning tops and reversal candlestick may indicate a reversal. Wait for price action to break out of upward trend line to place trade.
Target = aprox 95.00
Price action has reached 61.8 retracement level, While also reaching converging levels of resistance. Setup looks for multiple target levels. Looking like a good opportunity for a short.
Let me know your feedback.
Retracement has hit the 61.8 level while also reaching resistance. Wait for a breakout from upward support line to confirm position.
Feedback Welcome. Let me know your thoughts.
Target = 83.90
A potential reversal forming at the 61.8 entrancement level could lead to a bearish gartley. A break out of the support level could further indicate this formation. I included a potential long position if support is not broken.
Please provide feedback and opinion on Analysis. Open to all feedback and other ideas.
Some analysis on the Aussie Yen. These are the trades I've been considering based on how the market continues to react. Let me know what you think. First Analysis post from a new trader. Open to all sorts of criticism and other ideas.