AUDJPY The market broke through the support zone of 77.772 - 77.525 at the beginning of last month and we have now found support on the weekly level of 75.383. We are expecting a pull back to retest the previous support zone of 77.525 which we think will now become resistance, also this level falls perfeclty on the 50 Fib from the previous high of 80.779 to the...
We can see a clear break of the descending trend-line that has held strong from August last year. We have created a new high on the break of this Descending trend-line with the pull back already at the 50 Fib. We are looking to enter on the 61.8 Fib which is on a clear level of support. The entry will be sent out when the market is open as we will use the 4hr...
Market has broken Long Term Descending Trendline to form a new high, We have drawn a Fib from the previous Low to the new high, and the market has now came back to test the 50 Fib Zone, which is also re testing the back of the descending long term trendline. The market is now on a level of support, and has also broke the new inner trendline give a further...
Looking to short at different levels of Resistance
3 confirmations Retest of Trendline break. On Fib On Support.