AUDJPY (BEARISH) 21/04/2020
PRICE HAS BROKEN LAST LOWER LOW, AND CAME BACK FOR A RETEST (GRAY ZONE)
PRICE GOT TO OUR DAILY ZONE (YELLOW ZONE), AND REACTED DUE TO BUYERS SENSITIVITY. THIS CAUSED AN ENGULFING BULLISH CANDLE.
NEVERTHELESS, OUR PRICE HASN'T REACHED ITS LOWEST POINT, AS OUR BEARISH FIBO STRUCTURE STOPPED THE PRICE IN LEVEL 61.8% (68.62), AND PRICE STILL HASN'T REACHED LEVEL -27% (67.12).
EVEN THOUGH WE HAVE THE BULLISH ENGULFING CANDLE, WE ARE EXPECTING PRICE TO REACH -27%, AND THEN EXPLODE TO THE UPSIDE DUE TO SENSITIVITY THAT WE ARE ALREADY SEEING.
PRICE GOT TO OUR DAILY ZONE (YELLOW ZONE), AND REACTED DUE TO BUYERS SENSITIVITY. THIS CAUSED AN ENGULFING BULLISH CANDLE.
NEVERTHELESS, OUR PRICE HASN'T REACHED ITS LOWEST POINT, AS OUR BEARISH FIBO STRUCTURE STOPPED THE PRICE IN LEVEL 61.8% (68.62), AND PRICE STILL HASN'T REACHED LEVEL -27% (67.12).
EVEN THOUGH WE HAVE THE BULLISH ENGULFING CANDLE, WE ARE EXPECTING PRICE TO REACH -27%, AND THEN EXPLODE TO THE UPSIDE DUE TO SENSITIVITY THAT WE ARE ALREADY SEEING.
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