BULLISH CONFIRMATION
- uptrend on daily, 4h, 2h
- imb created in line with a
bullish engulfing indicating
that it will be mitigated
- upside down triangular formation
between trend line and bearish OB
- above both MA’s
REVERSAL/PULLBACK SIGNS
- failed to reach a HH
- liquidity sweep after consolidation
- supply side liquidity has been collecting
- MA50 under EMA200
- overbought
- rejected bearish OB
Since we have a bullish pair, we’ll be looking at buying once price has pulled back. It has a lot of liquidity lying @92.6300 which we can expect to be grabbed shortly. We’ve had a bullish liquidity sweep signalling the imminence.
Supply side liquidity @95.462 remains out of reach for now, although since it lies along a bullish OB, we can speculate a grab for this resulting in a potential fake CHoCH, before we continue with the bullish nature.
AUDJPY is awaiting more buy signals to trigger a long opportunity, since the indications of a pullback first outnumber.
- uptrend on daily, 4h, 2h
- imb created in line with a
bullish engulfing indicating
that it will be mitigated
- upside down triangular formation
between trend line and bearish OB
- above both MA’s
REVERSAL/PULLBACK SIGNS
- failed to reach a HH
- liquidity sweep after consolidation
- supply side liquidity has been collecting
- MA50 under EMA200
- overbought
- rejected bearish OB
Since we have a bullish pair, we’ll be looking at buying once price has pulled back. It has a lot of liquidity lying @92.6300 which we can expect to be grabbed shortly. We’ve had a bullish liquidity sweep signalling the imminence.
Supply side liquidity @95.462 remains out of reach for now, although since it lies along a bullish OB, we can speculate a grab for this resulting in a potential fake CHoCH, before we continue with the bullish nature.
AUDJPY is awaiting more buy signals to trigger a long opportunity, since the indications of a pullback first outnumber.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.