I have been away travelling, so I haven't really been able to post as much as I would love, but i decided to share this Weekly chart of the AUDJPY on what is likely to occur in the coming week(s) ahead. The chart speaks for itself. Expected target area is where I indicated with the £ sign inside the rectangular box. When prices gets to that area, we wait to see...
Another reason to short the NZDUSD on the H4 timeframe we see a nice RSI divergence lining up nicely with the strong resistance level and the D compleition and the advanced pattern.
Hope you all caught the sell opportunity finally on the nzdusd , first take profit target from entry point which is the D completion on the daily should be 0.75327 which is about 1000points move i believe. Enjoy.
So two days ago i posted the short opportunity for the first completion of the advanced patter, which yielded a great amount of pips and profit, now we see price go back up and giving us another possible short opportunity to go downward towards a completioin of another advanced patter. i'll wait till the completion of the current H4 candle to know if to short this...
On the daily TF we see some confluence and reasons to buy this pair, lets see how the fundamentals affect this and by the end of the day, see if we still have the opportunity to jump in on this. Note I am not a news trader reasons being why i insist on letting the FOMC news play out first before any trades taken.
NZDUSD short opportunity, first TP at 0.74696