AUDJPY bias switch
Updated
-21 Week Horizontal range
-Post Great Financial Crisis trendline break pending
-Weekly Bol band squeeze at this confluence of levels
-Measured move 76.45
Classical charting patterns are always to be taken seriously when they form at key levels on a charts. These "launching" patterns can often be explosive with definitive implications once validated.
Was originally bullish on this pair but AUD pairs as a whole are looking quite weak.
Will commit 30 basis points to this trade on descisive breach of 80.5
-Post Great Financial Crisis trendline break pending
-Weekly Bol band squeeze at this confluence of levels
-Measured move 76.45
Classical charting patterns are always to be taken seriously when they form at key levels on a charts. These "launching" patterns can often be explosive with definitive implications once validated.
Was originally bullish on this pair but AUD pairs as a whole are looking quite weak.
Will commit 30 basis points to this trade on descisive breach of 80.5
Note
Will have to wait for a retest or a daily close. Breakout was on the open and I have no where to set a stop against. Hope it doesnt run away on meNote
The train may have left the station without me...Note
Too unclear on this one, Will wait a day to get a daily close and decide from there. If I miss it, I miss it. Been burnt on yen crosses in the past
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.