#AUDJPY been on a downtrend for a little while
currently created a double bottom and break the neck line
This is a text book set up work most of the time specially after a long downtrend
second confirmation, break of trend line
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This is a continuation bearish wedge
#GBPJPY break a major support
then price retrace and created a nice rejection to 134.40 area which now become resistance
If price can close below our big bearish candle stick, i'm expecting for a bearish continuation
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Been waiting on this pull back from GBPUSD for the past few days
Price made a pull back to our zone and drop down to our trend line
Since it is toward the end of the week, I'm not expecting a big move to the downside
I believe price will break the trend line and bounce back to our zone before a major sell of
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AUDJPY had a massive downtrend on from October first first till October tenth. After price reach 78.990 level market started to consolidate between 80.318 price level and 78.990. Price break trend line and also break consolidation level @ 80.318. Price rally to a new level at 81.821 created a new high. Now I'm expecting a pull back/correction for the bullish trend...
The easiest way to go about trading a range is to wait until the market reaches support or resistance. Look to sell resistance and look to buy areas of support.
NFP news tomomorrow this range could broken after the news release.
Last week NZDUSD create a beautiful inverse head and shoulders pattern
now price currently at weekly resistance
if price can close above weekly resistance I will look for long opportunity
this is my roadmap for AUDUSD
I will monitor this throughout the week looking for trades opportunity as price
reach major level support, resistance & zone
this is my roadmap for EURUSD
I will monitor this throughout the week looking for trades opportunity as price
reach major level support, resistance & zone
