AUDJPY showing signs of MACD convergence, AUD ready to shoot up?
AUDJPY H4, showing signs of very strong convergence, market clearly going the opposite way to our indicator.
A counter trendline has been put in place for more clear break and retest and entry scenarios.
Targets are also drawn.
On the right we have AUD weighted index H8, where we can see it has tapped off a clear demand zone, I believe we can see some reaction, and AUD can start to gin some strength, pushing AUDJPY to the upside.
PipsOfPersia
t.me/pipsofpersia
A counter trendline has been put in place for more clear break and retest and entry scenarios.
Targets are also drawn.
On the right we have AUD weighted index H8, where we can see it has tapped off a clear demand zone, I believe we can see some reaction, and AUD can start to gin some strength, pushing AUDJPY to the upside.
PipsOfPersia
t.me/pipsofpersia
Note
Analysis still stands, convergence still valid, i have not entered yet as we havent got our break and retest yet
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.