Here is the potential symmetrical movement I am watching while AUDJPY approaching 82.50/80 resistance zone. �Of course, market is never perfect, let’s see how this plan works out.

by Gav
I don’t expect too much movement in the Friday afternoon (London session). So I will keep the chart for Monday to see if I still have good entry spot. $USDSGD is setting up a potential short opportunity at the current level. I wish I could write a thousand-word blog post to explain the setup to you, but the chart is just way too simple and obvious to read. I thought it would be an insult to my readers if I explain the simple things too much. 😀
So…Here is the…. CHART!
Focus! Switch off your lousy music collection, and concerntrate on the chart. :LOL
Well, $AUDSGD, one of my favourite pair to watch. I see the completion of ABCD formation at the top of channel, and a little ribbon pattern forming while retesting the back of trend line.
Have a look at the chart, it is pretty obvious.
Here is the…. CHART!
I have been stalking a short of EURUSD. (Well, who doesn’t?). However, I prefer to see price pushing a little further before establishing short. Let’s see. As the chart shows, we have confluence of channel, hamornic pattern. And if you notice, it is retesting the previous trend lines.
OK, here is the….. CHART!!!!