AUDUSD is in a double top and i expect a measured move from what looks to be a break of the downside resistance and retest of the same down an equal distance to 0.742. (I missed getting in on the top of the double top due to spread considerations. Bit annoying but there you go)
EU seems to have broken out of the Weekly down trend. i expect that something like this may play out now.
It took the ASC 325 days to get to 4300 in 2008 and 35 days to get there in 2020... Hoping that this time its not going to be as bad, but if it happens... its going to be hard and fast!!
the pair retraced up to the 38.2% retracement area and dropped off a cliff. my inclnation is that the pair will impulse down to the 1.29 level or perhaps even more down to 1.282
Due to a double top on this pair on the weekly/daily timeframe, my analysis says to me that it will go for another bounce off support at about 0.8735.
Based off a 4H double bottom in the resistance band. Good for a 100 pips, maybe more.
AUDJPY Long setup, either short term for 60 pips(0.86%) or longer term for 2.5% return
One of my first attempts at figuring out structure trades. My hthoughts are that Long term that EA is Long, however there is some retracement expected as part of the structure trade. Happy for constructive critisim to be provided