AUDJPY monthly analysis
The weekly bar 11-11-16 showed indecision. (Spinning Top) This monthly chart
suggests staying short below 13 m.a. and channel. X may have upside see shorter time frame chart
If monthly candle close breaks above 13 m.a. then wait and ENTER SHORT X to C {B} target 50's below wave A.
Stop placed to your risk management +- 70 pips above 13 m.a.
OR ENTER LONG to 34 m.a. stop +-50 pips below 13 m.a.
Trade time 6 months+ short term to 2 years from X
Y to X needs to form ABC pattern. Wave "A" of X may be finished, possibly X is done if channel holds again?
suggests staying short below 13 m.a. and channel. X may have upside see shorter time frame chart
If monthly candle close breaks above 13 m.a. then wait and ENTER SHORT X to C {B} target 50's below wave A.
Stop placed to your risk management +- 70 pips above 13 m.a.
OR ENTER LONG to 34 m.a. stop +-50 pips below 13 m.a.
Trade time 6 months+ short term to 2 years from X
Y to X needs to form ABC pattern. Wave "A" of X may be finished, possibly X is done if channel holds again?
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.