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AUDJPY Forecast
Australian Dollar / Japanese Yen
Short
AUDJPY Forecast
By VladimirRibakov
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Apr 29, 2020
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Apr 29, 2020
D1 - Price has reached an important resistance zone, we have a hidden bearish divergence followed by potential continuing divergence.
H4 - We have two key resistance zones that have formed based on the fibonacci expansion levels of the cycles we have.
Price has reached the first key resistance zone, bearish divergence.
H1 - The swing on the H1 chart is approximately at the round psychological 69.00 level.
If we get a valid breakout below uptrend line and the low at 69.02 we may then expect further continuation lower.
AUDJPY
Bearish Patterns
bearishdivergence
hiddenbearishdivergence
Multiple Time Frame Analysis
psychologicalroundnumber
SELL
Support and Resistance
Trend Analysis
Trend Lines
VladimirRibakov
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