All Targets hit again after 84.000 was easily hit and pushed to 84.500. These 130 pip pushes aren't unprecedented since the Weekly Resistance needed to be broken. My new Overall Target is 88.500 which may be hit by the middle or end of March. I do not believe the bullish pressure will slow down as there is a new Resistance to reach and weekly correction needed to...
We have just seen AUDJPY fly 120+ pips in a day. This kind of bullish reaction can show it wants to push higher past this Weekly Resistance of 83.000 which is also a key level. Price has hit my Target of 83.000. Since we reached this level I can watch for a strong reaction in either direction if it forms structure and holds support or if it cant break this level...
All my targets have been reached (82.000 was missed by 2.5 pips which is fine) and im watching for a pullback to a recent support/resistance level. There was a lot of momentum this past week and audjpy was forming new monthly and weekly highs as of late. Given the circumstances we are in I will not look to sell audjpy because it is not the best choice to make at...
Such a great area to buy with many confluences from different strategies. Price should push to 83.300 in the next few weeks. The buying pressure is too strong and price is making big moves even for Audjpy. Daily fib and Weekly fib levels are playing out. Check my recent analysis for clearer analysis.
Watch for this weeks market manipulation and collecting of liquidity. A pullback might be needed for a stronger push to the upside considering the Weekly level we are at. Pay attention to the wicks they tell a lot.
Price has finally made the move it needed with the news giving it a push and I will now be looking for new areas to Buy since the overall trend is bullish. The red and blue areas are two different places I will be looking to Buy to get the most out of the Bullish moves. A pullback can most likely happen but if not we will likely push to 82.000 in the upcoming...
Price action is looking to make a move since its been in this range. News is coming out which should give price the push it needs to make said move. If price holds over this Resistance this can be a strong support which can see price go to 80.750 or 81.000. If price rejects this resistance it can fall beyond the range and possibly to the .618% on the Daily or .50%...
Price can form lower high near the .618% on the 4HR fib. Price has a lot of buyers momentum and if price can trade bullish near this level I will buy. Expecting price to break true resistance. Price can also respect the 200 EMA on 30min. and 50 EMA on the 4HR.
Yesterday we seen price respect the Weekly .50% level of the fib and Daily .618%. Today we have seen price respect the Daily .50% also. It pushed through a heavy Resistance area with no retest and now is looking to break through the Daily and Weekly Resistance zone. With this much momentum there can be two point of entries for a buy. Wait for a pull back to the...
AUDJPY seems to be pushing to the upside with great momentum. Starting with the Weekly Fibonacci .618% level is being heavily respected and also being used as a Daily support level. Price has tested the .618% about 2 times confirming it as support. A Reversal Doji has also opened on the Weekly .618% and if price closes bullish on the weekly will confirm a Bullish...
AUDJPY weekly and daily Timeframes are showing strong buy pressure and is looking to complete a head & shoulders pattern on the weekly. Price is nearing TP 1 level (81.400) on the daily fib as it respected the .618 and .50. Price is currently ranging 60 pips between 80.750 and 80.150. 80.150 is showing to be a strong support. For potential swings I would need...
AUDJPY seems to want to break out of this consolidated area. If price can trade and hold under the key level of 78.000 I can see it filling the wick on the 4-6hr. Price is rejecting the supply zone near 78.780 so until it breaks and holds over that zone I will be looking to sell.
Price is ranging under the 78.500 level giving me a sign it will re-test the 78.000 level. On the daily price is forming an inverse head & shoulders. price is still bullish but may consolidate again soon but before so will likely go to 79.000 level. For short term I will wait for price to reach the 78.000 level but if it can hold over 78.550 I will look to buy to...
Consolidation at the key level of 77.000 and inverse head and shoulder pattern should see push to 77.500
Inverse Head and Shoulder pattern forming on the Daily time frame. 4HR has a resistance @ 77.00 that will need to be broken in order to fly to 78.00. Watch for fundamentals.
Please feel free to criticize. I believe if GU rejects resistance and price falls below moving averages we can see a double top form then a drop to 1.32000 and a break from there will lead to a bigger fall to the 1.30000 level.