1. Last week analysis was on point from the
trend line bounce.
2.Neutral Bias. Either a break off the
weekly resistance of a bounce back.
3. Enter on Retracement.
1.Daily Trendline Broken
2. Two Possible Scenarios.
3. Short Bias Still. Keep Watch.
4. Looking to retest Weekly Support
to see further reaction.
5. Risk Management is your best indicator
1. Previous Analysis On point
2. Now we see a downward Trendline
3. Short Bias. But waiting
to touch the Trendline
4. Risk Management is your
Best Indicator
1. As analysed, price went perfectly as planned.
2. Down bias SUPER STRONG (LONG TERM)
3. Indicating new fresh lows.
4. Price might hit way below 1.1000 within the next few weeks
5. Enter on fib retracement according to your strategy.
1. Rejected Monthly Key Level!
2. Trendline Break on the 4H Timeframe.
3. Indicating new fresh lows.
4. Strong Long Term Short Bias.
5. Enter on fib retracement.
We see price bouncing off the main trendline and suggest reaching new highs.
1. Did not manage to break
through Daily Trendline.
2. Long Bias for new highs.
3. Enter on Retracement.
"Risk Management is your best Indicator"
We see AUDJPY approaching to retest the trendline.
1.Either a bounce off the trendline to reach new highs
or a clean break for a trend reversal.
2. Neutral Bias for now. Keep watch.
"Risk Management is your best indicator"
Price bouncing off the 0.87455 daily trendline suggest reaching new highs.
Please refer to my other EURGBP daily chart for an overall view
Two Possible Scenarios outlined.
Risk Management Always. Trade with care.
If it manages to breaks past 1.30050 It will be downard hill.
If it bounce back and goes past 1.313 It will be long.
Eyeing the pair still.
Risk management always. Trade with care.
Downtrend Continuation of the USDJPY is in progress. We have to wait and see the trendline being tested again and even may see it broken only for it to reach all the way to the daily trendline.
Short Bias for now.
Risk management Always. Trade with care.
Daily uptrend continuation overall. There seems to be a consolidation box still in progress before we see which direction it goes.
Awaiting Further reaction for this pair.
Risk Management Always. Trade with care.
