Audjpyshort
AUDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDJPY H4 AnalysisPrice has been bullish for the last 6 six days and broke through a supply zone and found rejection around 84.40.
If price falls below Daily Supply zone there could a lot of sellers coming in the market to push price down.
Still bullish on rsi . Need to get a strong bearish candle printed to confirm trend change. Aussie has been very bullish on this pair .
will see if price can reach up to 84.40 again for a retest. I'm overall looking to go short when the moment presents itself on H4.
AJ SellA mixed bag but approaching key levels and still waiting. 4 possible outcomes. What a week A has had vs J. AUS must be out of lockdown!? (Pent Up Sentiment? Will there be a Monday hangover with RBC meeting minutes next week TUE 01:30 GMT (check out my economic calendar if you can find the website).
A couple of things:
- Point Of Control (POC) magnetic market profile approach on Daily (150 Bar( key level (84.65).
- Monthly Down Trend (bias to recent top?)
- Gartley Cheat Sheet Bearish Bat Pattern:
> XB - OK
> AC - OK
> BD - At a stretch (?)
> XD - Spot
> Must confirm on a lower timeframe, anchors for traditional Gartley TP levels.
- Price Vacuum between key profiles on Daily (low order volume).
- Weekly POC (150 bar) at 75.50.
- Hidden RSI Divergence (? - because its only visible once complete (?) )
- 1,2,3 for traditional outcomes, outcome 4 for contrarian break (?).
- 5 elliot traders walk into a room...(?)
> Great analysis here showing respect for levels by Danish317:
Thanks for reviewing:
Don't like.
Don't follow.
My ideas, DYOR.
🏴☠🌊⛵
AUDJPY Sell 7th Oct 2021 - Previous Gartley now possible Bat.Per chart, still working on this pair on the 4hr as the previous bearish gartley develops into possible bearish bat. Not over yet for the bears here picking up some fresh sell orders. Somehow a textbook .886 X-D retrace potential setup. Funnily enough, if you zoom further in on the 30 min chart you'll see this hangs on a doji .
On the previous Gartley TP1 reached B per link below.
New TP's B,C,A.
SL at point X. Surpassing this then, learn, reflect then off to new waters...
All ideas are mine, I wouldn't follow them. DYOR.