{"id":12037,"date":"2022-06-02T08:39:35","date_gmt":"2022-06-02T08:39:35","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12037"},"modified":"2023-05-10T08:49:37","modified_gmt":"2023-05-10T08:49:37","slug":"audjpy-forming-a-bullish-pattern","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/06\/02\/audjpy-forming-a-bullish-pattern\/","title":{"rendered":"AUDJPY forming a bullish pattern"},"content":{"rendered":"

 <\/p>\n

This is an update of the AUDJPY pair on my previous sell signal upon the 1D RSI Resistance rejection, as illustrated below:<\/p>\n

\"AUDJPY<\/a><\/div>\n

With the price now recovered from the sub 88.000 level, the pair is waving a buy signal as it broke above both the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level. Since it started trading on this long-term Fibonacci Channel back in 2020, this break-out combination has only happened twice (see the circles) and on both cases after a short-term pull-back, the price rallied strongly. For example see late June 2021, where the price failed to break above the 1D MA50 and 0.618 Fib.<\/p>\n

Consider also the important of the 1D RSI Symmetrical Zone. The RSI is now exactly on the same level (flag symbol) that it was during those two break-outs I mentioned (mid November 2020 and early January 2022). This further suggests that we may be replicating currently that exact same bullish pattern.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/AUDJPY\/VcFWKKjE-AUDJPY-forming-a-bullish-pattern<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  This is an update of the AUDJPY pair on my previous sell signal upon the 1D RSI Resistance rejection, as illustrated below: With the price now recovered from the sub 88.000 level, the pair is waving a buy signal as it broke above both the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement<\/p>\n","protected":false},"author":611,"featured_media":12039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12037"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12037\/revisions"}],"predecessor-version":[{"id":12041,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12037\/revisions\/12041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12039"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}