AUD/JPY

Shorting from 97.50, lets see how far she can go.

Looks like daily pivot gonna hold.

Why do you sell ? We had a 50% retracement on daily basis.

Look at volumes : volumes push prices up.

My target is 99.60.

Holding long on this pair.. Target 100

Technical bounce on that pair on low volumes.

Think we will continue lower.

We have a bearish acceleration.

I expect a reaction at 96.400, triple bottom ?

Diamond ?

Volumes definitly push price to the downside. But I see a bullish divergeance with William Percent's range.

I think we could go to 95.925

Waiting 97.00 for a drop down to 95.930

It looks like the last correction we had. So look at MACD divergeance to confirm the drop.

The downtrend continues...

What is interesting to notice is :
- prices break a daily resistance ;
- come back on it until touching the low which broke the daily resistance ;
- and then go back down.

That's why 96.080 could be the next key level if we continue like this. The problem is we are close to this level and prices could reach 96.40. The criterion will be the downtrend line :
- either we break 96.080 in order to reach 96.40 ;
- or we continue slowly until 96.080.

As I thought, we were too close to the target and prices broke the trendline.

Now we can expect a retracement until 96.080.

This flag will maybe help to reach 96.080 if only the trend line hold on.

think we won't go higher

This wave structure of AUDJPY has a potential of a rapid extended decline once it breaks the lower channel line (in red).

We have a strong support level at 23.6 retracement.

MY AUDJPY D1 BAISSE!

a rally to 99.00 and beyond is in the cards. Please DONOT SHORT

So, you mean the actual range is an accumulation, right ?

How can you be so sure about that ?

What it is interesting to notice here is the similarity between these structures. It is exactly the same thing.

If we continue to follow this structure, the range we have is an accumulation.