This pair has been ranging for past 2 wks. Finally made some movement. Although i've been +80pips in profit, but it's early to close it, at it's resistance at this price, more downside is expected if it break this level downwards. That means more profit is on the way. The trade is free ticket, why not give it a shot.
Is the bullish trend starting to show up?
Here are a few signs of reversal:
1. Price actions were rejected at the support level.
2. Bull candles were formed the past 2 weeks.
3. It breaks the nicely formed trendline.
Analysis:
It may come back to level 144 before the bull trend is formed on full force.
Do your own due diligence.
As we can see, the the chart has been moving within the short parallel channel - Short biased.
The past few candles have been going up but there was no volume to support to upmove.
Watch out for the support level at 0.9580.
Do Your Own Due Diligence.
Regards,
Borneo3697
AUDJPY has been going up the past 2 weeks.
What's interesting:-
1. Price was stopped near the trendline - hence still bear biased.
2. There is no volume to support the upward trend or reversals - hence, the upmove is only a short lift.
3. A short pinbar appears on 11-Jul candle and the sell momentum as been great since.
4. Please take caution at level 80:80 as...
