We can see AUDJPY Rejected Daily resistance and also breaking below the uptrend line on 1HR time frame.
This pair is now making Lower Highs & Lower Lows on 1hr chart. I will be looking for shorts next week.
As long as the price is below descending Trend Line , we can take shorts. My target is highlighted in a green, which lines up perfectly with Support,...
Aud/Jpy is currently in a downtrend.. I think we will be testing 84.500 level as well as making a 3rd bounce of a descending trendline. We have 50% fib level aswell at 84.540lvl which gives us more confluence to a short.
LETS WAIT AND SEE WHAT HAPPENS!
We can see Weekly decending trendline crossing perfectly at Fib 61.8% where the price should reverse to the downside . Also Monthly Resistance and making ABCD pattern play out perfectly if we see candlestick rejection on daily/ 4hour chart.
STRONG MONTHLY RESISTANCE AT 0.8600.
EUR/USD reached 1.17 level and now from what i can see is going to retest 1.12 support as well as third touch of trendline and fib lining up perfectly at 61.8%.
waiting right now for price to come to me. be patient guys!
Picture speaks a thousand words.
This could be potential setup to BUY Euro. IDEA TITLE AND DESCRIPTION*
As we can see it touched monthly resistance and now we could potentially retrace to retest 1.12.
We have perfect confluences on this if it works out the way it looks like.
1. 1.12 daily support
2. 3rd touch of TL
3. Fib lining up perfectly at 61.8% level
Trendline formed since early june and broke today with retest right now forming pin bar.
- Moving averages on 4hr crossed to the upside, also looks like daily tf crossing to the upside momentum.
- Broken TL with retest.
- Price action is above mid range support level.
Target 1 is 0.7200