AUDJPY follow up from last week
The gold dashed verticals bound the week beginning July 6.
I stated in post #93 that I see down pressure from D1 and smaller time frames, and that one option was for movement higher to a level more favorable for selling. This option played out, with a clear down swing from a new high on H4. This down swing ended July 8 with another up swing reaching a lower high on July 9, from which the daily time frame fell approximately 100 pips.
This cycling is occurring within the context of the monthly time frame in an upswing, attempting to swing up even higher time frames that are overdue to go up.
The gold dashed verticals bound the week beginning July 6.
I stated in post #93 that I see down pressure from D1 and smaller time frames, and that one option was for movement higher to a level more favorable for selling. This option played out, with a clear down swing from a new high on H4. This down swing ended July 8 with another up swing reaching a lower high on July 9, from which the daily time frame fell approximately 100 pips.
This cycling is occurring within the context of the monthly time frame in an upswing, attempting to swing up even higher time frames that are overdue to go up.
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To free Gazans of Hamas, use whatever it takes.
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