Possible AUDJPY long opportunity
WEEKLY:
- On our weekly timeframe we can see that the AUDJPY market structure is bullish. We are still between the indicated higher low and higher high.
- We can see that price has broken through strong resistance. Here we now expect to see a weekly wick pullback on then possible bullish momentum.
- We can also see that we have responded nicely to our 'fib golden zone' on the weekly timeframe. Which means we can possibly expect even more volume to the upside.
DAILY:
- On our Daily timeframe we are also still bullish.
- We can also see that we have broken through a strong resistance level. This is a level that has been respected in the past.
- If we take our fib from the body low to the wick high we can see that our s/r zone is aligned with our 0.618 fib level.
4H:
- On the 4H timeframe we see that we are also still bullish. We have not created a new structure point so if we pull back to our Aoi we will still remain bullish (unless a new structure point is formed).
- If we take our fib from the body low to the wick high we can also see that this fib levels match our aoi
- An additional point that we can note is that we have an IC just above our aoi, which could also attract prices. (IC = Institutional Candle => works like a magnet)
- On our weekly timeframe we can see that the AUDJPY market structure is bullish. We are still between the indicated higher low and higher high.
- We can see that price has broken through strong resistance. Here we now expect to see a weekly wick pullback on then possible bullish momentum.
- We can also see that we have responded nicely to our 'fib golden zone' on the weekly timeframe. Which means we can possibly expect even more volume to the upside.
DAILY:
- On our Daily timeframe we are also still bullish.
- We can also see that we have broken through a strong resistance level. This is a level that has been respected in the past.
- If we take our fib from the body low to the wick high we can see that our s/r zone is aligned with our 0.618 fib level.
4H:
- On the 4H timeframe we see that we are also still bullish. We have not created a new structure point so if we pull back to our Aoi we will still remain bullish (unless a new structure point is formed).
- If we take our fib from the body low to the wick high we can also see that this fib levels match our aoi
- An additional point that we can note is that we have an IC just above our aoi, which could also attract prices. (IC = Institutional Candle => works like a magnet)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.