AUDJPY, Yen Pairs Possible Bear Swing
Most of the Yen pairs are at a good confluence level for the Bear to make another move towards the downside. Especially for AUDJPY and EURJPY has formed good setup based on my own trading rules. But still, i decided to not enter the trade.
Reasons,
1. AUDJPY, I am already in a AUDSGD short trade so I decided not to "top up" my position since the AUDSGD trade is still not riskfree.
2. EURJPY has a even better setup from Weekly timeframe perspective while Daily setup looks good but its still short of meeting 1 of my setup rules so no trade.
I think most of the Yen pairs, Weekly timeframe setup has got very good potential. Also, I am keeping an eagle eye on USDSGD and USDCNH for a Short trade. I see huge potential if the price action develop well and according to my anticipation. #excitedddddd
Reasons,
1. AUDJPY, I am already in a AUDSGD short trade so I decided not to "top up" my position since the AUDSGD trade is still not riskfree.
2. EURJPY has a even better setup from Weekly timeframe perspective while Daily setup looks good but its still short of meeting 1 of my setup rules so no trade.
I think most of the Yen pairs, Weekly timeframe setup has got very good potential. Also, I am keeping an eagle eye on USDSGD and USDCNH for a Short trade. I see huge potential if the price action develop well and according to my anticipation. #excitedddddd
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.