In this week's video, we went through each time frame of AUDJPY and reviewed last week's chart markups to compare to what we are seeing now. We analyzed Weekly all the way through 4Hr marking all the possible trading zones.
Video Summary:
Weekly: Saw the weekly support line which we turned into daily support for more accuracy. It's the red line holding up the chart from the bottom.
Daily: Marked up the daily high, midpoint, and daily low. We also saw the Daily Support Zone Box where we saw a lot of liquidity happening in between the Midpoint and Lowpoint.
Daily High(Resistance): 96.450
Daily Midpoint: 93.600
Daily Low(Support): 90.900
4HR: We saw the 4HR imbalance retest area around 94.350 if it were to retest up. Then we also saw a good Major Point for a great resistance area around 95.000.
2HR: In the 2HR we saw a resistance zone and if it breaks through we are looking for it to push for the 4HR restest areas.
Ace Trading Academy
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Video Summary:
Weekly: Saw the weekly support line which we turned into daily support for more accuracy. It's the red line holding up the chart from the bottom.
Daily: Marked up the daily high, midpoint, and daily low. We also saw the Daily Support Zone Box where we saw a lot of liquidity happening in between the Midpoint and Lowpoint.
Daily High(Resistance): 96.450
Daily Midpoint: 93.600
Daily Low(Support): 90.900
4HR: We saw the 4HR imbalance retest area around 94.350 if it were to retest up. Then we also saw a good Major Point for a great resistance area around 95.000.
2HR: In the 2HR we saw a resistance zone and if it breaks through we are looking for it to push for the 4HR restest areas.
Ace Trading Academy
Comment, Like, and Follow
Ask for any more pain analysis!
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