enriczheng

enriczheng

A huge BAT pattern has been formed + A trend line has been tested. Good structure suggests strong support now. Anticipate the price to move up to 86.894 level. If this happens it comply with the related analysis with USDJPY, which has potential reversal also.

enriczheng

AUDUSD seems to be in consolidation now. On daily chart It can both move up or down but seemingly no big moves. Personally I think moving down is more likely.

enriczheng

The USDJPY is entering a zone where there will be strong support. The harmonic moves plus the structure has suggested that a potential reversal could happen within this week.

enriczheng

To me the 1.125368 is a good level for a short term bounce as it has a good structure, trend line confirmation and harmonic moves that could confluence. A more aggressive move could head down to 1.25401 which is also a strong support.