Update - AUDJPY HIT Target 

The price broke below 97.019 as a follow-through signal for entry, it became another lower low.  Price retraced back in the Golden Ratio of the Fibonacci retracement tool. It was analysed that traders should start looking for entries.

• Target 1 was hit at a price point of 96.011

• Target 2 was hit at a price point of 94.756.

Please note that this should not be used as advice, but support that can assist clients to make a more informed decision. Risk Management must be applied on a strict basis.

Update - BRENT OIL HIT Target 

Oil has formed a 1-5 point reversal pattern and is currently seeing more sellers on the technical side. Traders can see the rejection at the 82.00 level. We saw more downside on this asset after 79.16 with both the inner and outer trend lines broken.

• Lows and lower lows were formed.

• The target was set and reached 75.03 using the D1 and H4 timeframes to monitor the price action.

Please note that this should not be used as advice, but support that can assist clients to make a more informed decision. Risk Management must be applied on a strict basis.

JPN225 Nikkei HIT target Update

A head and shoulders price pattern formed, we waited for the neckline to break for further downside. The inner and outer trendlines were broken, with the indices creating a low and 2 lower lows. The ideal place for entry with the conservative traders was below 33147.34, aggressive traders are already in positions above.

• Target was hit at 32344.66

Please note that this should not be used as advice, but support that can assist clients to make a more informed decision. Risk Management must be applied on a strict basis.

Final Thoughts On Today’s Analysis

In conclusion, the recent updates on AUDJPY, BRENT, and NIKKEI indicate successful hits on their respective targets. In the case of AUDJPY, the price action followed the anticipated pattern, breaking below key levels and retracing within the Fibonacci Golden Ratio before hitting Target 1 at 96.011 and Target 2 at 94.756. The BRENT OIL analysis highlighted a 1-5 point reversal pattern, with a rejection at the 82.00 level leading to a downtrend. The target of 75.03 was reached as indicated by monitoring D1 and H4 timeframes. Lastly, the NIKKEI analysis involved the identification of a head and shoulders pattern, with the neckline break leading to a series of lower lows. The entry points were strategically chosen, and the target was successfully reached at 32344.66.

 It is crucial to note that these analyses and updates serve as supportive information rather than explicit advice. Clients are encouraged to use this information to make more informed decisions while strictly adhering to risk management principles. The outlined technical analyses provide a framework for understanding market movements, but individual circumstances and risk tolerance should always be considered. Traders should remain vigilant, and adaptable, and exercise caution in their decision-making processes. See our YouTube channel for more.