As subject, we will have more clearer view for this Cyper after price exceeding 1.2451. On the other hand, there is a H&S pattern at the potential reversal area of the Cypher. Very nice and exciting huh? Let's wait and see the kindle reaction at each key area ;)
Currently AUDUSD is coming into a important zone, down trend line + 618 retracement + neckline + FIBO projection of previous corrective wave. If the breakout is true, then there will be a potential bullish Cypher ongoing in daily; if not, a new fall will be created. Let's wait and see the kindle reaction in this zone.
USDJPY has already finished the up channel breakout and pull back, at the same time it's formed a double head. Now it's broken the neckline of the double head, and let's short at the neckline pull back. Pay attention that the structure around the neckline, it is a very important one which was the neckline of previous high in last year. Good luck!
As subject, this would be resonance of SHORT setup in both weekly and 4H.
Entry: 54.76-54.84 (The completion point of Cypher in weekly is in range as well.)
SL: 56.32 (Just give market more room to breathe...)
As subject, there are several FIBO EXT and FIBO INV projection in the yellow zone, and resistance structure is just on top of it. So let's watch the kindle reaction inside the yellow zone, and get ready to short!
Get ready to open SHORT at FIBO EXT (especially for 1.414 and 1.618) according to the candle reaction.
Please aware of the key thing is that we need to pay more attention on the target/retracement of this SHORT setup, need to make sure if the breakout is true or not. In case true, then the AB=CD in weekly view will be confirmed, have a nice weekend ;)
Base on following fact...
1. USDJPY -0.50% shows bearish candles at the key resistance structure which has been tested many times;
2. Top Divergence is visible in RSI ;
3. Double top is visible in 1H/4H,
- Entry: Wait 2618 short opportunity in 1H/4H.
- SL: 114.824
- TPs: Those two resistance structure.