jordanlacedup
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AUDJPY finally broke through 2 month long resistance @ 79.650. Running into the 200-DMA. Expecting new support to be at the former resistance.
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Symmetrical triangle formation, due to the previous trend I'm inclined to believe that this may drop soon.
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SP500 approaches the 61.8% retracement (2,638.88), in the same neighborhood as R1 (2,667.82). I expect the price action to enter a downtrend soon enough and find support near the 50% retracement (2,584.17) & S2 (2590.42). Due to the window of uncertainty I have as to where it may reflect (2,638.88 - 2,667.82), I'll enter my SELL position at the Pivot point...
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