AUDJPY SELL
MONTHLY:
Heading into the monthly we see that this pair had broken preivious descending trend line and resistance structure.
Volume is increasing and Market is shifting from bearish to bullish.
WEEKLY:
From a weekly standpoint the market is still bullish and seeking new highs. From a fibonacci standpoint based on the last bull impulse, i suggest the market will take a break and SELL off for a while to the 50 and 61.8 levels. Here is where i would have a BUY LIMIT order in place to catch the next bullish move.
DAILY:
From a daily perspective there is hidden divergence between price and the depleting values on indicator, suggesting a shift in momentum to the downside.
4HR:
Down to the 4hr we are still slightly bulllish. I suggest a retest to previous structure of resistance then SELL to where we placed our BUY LIMIT based on Monthly, Weekly, and Daily.
GOOD TRADING
Heading into the monthly we see that this pair had broken preivious descending trend line and resistance structure.
Volume is increasing and Market is shifting from bearish to bullish.
WEEKLY:
From a weekly standpoint the market is still bullish and seeking new highs. From a fibonacci standpoint based on the last bull impulse, i suggest the market will take a break and SELL off for a while to the 50 and 61.8 levels. Here is where i would have a BUY LIMIT order in place to catch the next bullish move.
DAILY:
From a daily perspective there is hidden divergence between price and the depleting values on indicator, suggesting a shift in momentum to the downside.
4HR:
Down to the 4hr we are still slightly bulllish. I suggest a retest to previous structure of resistance then SELL to where we placed our BUY LIMIT based on Monthly, Weekly, and Daily.
GOOD TRADING
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