AUDJPY 4H

2020年5月6日

We have a horizontal line that was never retested once it was broken. We have an ascending trend line that was close to being retested on the 1H, but not a confident retest. We have a potential double bottom at a support/resistance + 78 fib retrace line. If we close above this line, I'd look for it to go north to the 38 fib extension point (where arrow ends).

2020年5月6日

註釋

Here's a closeup at a 1H. I'm looking for a good close above horizontal line before taking a buy.

2020年5月6日

註釋

On a zoomed in 1H chart, it would be wiser for us to break across this descending trend line, retest it and then head upward.

2020年5月7日

註釋

We've stalled at the 38 Fib extension. Next couple of close 4H bars could dictate direction.