AUDJPY Quick reversal to the downside after support breakHi traders,
Bollinger Band Spikes give me the best trades but even if we have multiple spikes here, they are not valid for me. I look at the price action, the angle of the spike, previous support/resistance areas and so on. Taking every Bollinger Band spike blindly will get you in a lot of trouble. We also see a slight RSI Divergence.
In this chart, I am waiting for a clean break to the downside, breaking the support area, then entering after the candle has closed.
(This is not a trade recommendation!)
Audjpysetup
Buy AUDJPY Short Term Based on Bullish Harmonic GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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AUDJPY Countertrend timeAs we noticed from 2 weeks before AUDJPY parrity made its Highest high point which was also predicted as strong resistance which 89.50 Band. Adding to this significant drops at volality in August triggered this chart to start it's countertrend as 8th month started. Now chart holds 86.25 point which forms a good opportunity to sell. 86.10 is the key level which will be a strong support to pass for AUDJPY but closure below this band will lead 85.50 and 84.35 band to us. 85.50 band holds weekly support level and 84.35 holds fibbo %-27 level to reach.