1.76 to 1.77 is going to be a strong resistance with 3 high volume candles supporting it. As long as this support is not broken, I will be standing on the bull side.
I am only slightly bullish on this pair. Price was rejected off a consolidation area (Feb/March 17), forming a bullish pin bar on 4-hr TF. However, I am still hesitant to enter a position unless I see a clear direction.
High volume appear only when candle is bearish. It means that there are more people are willing to short than long this pair. There is also a strong resistance at 86.9 region. The bearish sign is strong and therefore I will only be looking to short it at around 86.9 region.
Price has a nice run down from 0.729 and has been consolidating for 2 weeks. Now it's retesting the super congested zone (MPOC) and I want to see this support gets broken before shorting. Note the high volume whenever candle is bearish (10/8, 17/8) which further support my bearish claim.
I am slightly bullish with this pair due to the fact that price was rejected off the COC area forming a pin bar in the process. Also there is little volume associated with the bear candle last Wednesday, and therefore I think the bearishness can be short-lived. However, there is also COCs above the price, therefore its better to long with care.
Price has been ranging between 1.626 and 1.648 levels, with 1.626 level having strong support and 1.648 having strong resistance. Between this 2 level, there are still around 300+ pips of opportunity. Therefore I may try a long if price can reach 1.626 (and reject with a bull candle) and may short if price retraces to 1.648 (and reject with a bear candle)....
Similar as AUDJPY, there was a slight correction after 2 weeks of bearishness and I am expecting the bearishness to continue. After a slight run up, price was unable to break the Resistance at 87.396 twice and was followed by a bearish engulfing candle. I have a position from around 2 weeks ago and will look to add short if price is able to retrace to 87.396.
If...
I am bear-biased on AUDJPY pair due to the bearish engulfing candle of last Thursday, where price was resisted from the COCs at 87.568 level. Price had made a slight correction last week but was rejected strongly when it reached 87.568 level. Therefore I will short it if price can reach 86.98 level for a low risk entry but have to take note that 85.407 can be a...
Price is ranging between 0.77 and 0.755, 0.77 proofing a strong resistance and 0.759 proofing to be a strong support. Price closed with a bullish candle and above Friday's intraday control, therefore I think the up move will continue. I will only look to short if price is able to reach 0.77 for a low risk entry.
