AUDJPY heads lower?
Updated
Hello Traders,
Today we want to share with you the
AUDJPY as it broke significant trend line on daily close and shows outflow of capital.
Technically the market broke significantly support and currently it seems that this pair is heading south. First target is around 85.35.
Our inter market indication showing also a tick to the downside as they currently move in extrem inflow area and showing a turn to massive outflow. Our intermarket analysis always helps us time our trades better. We see a good timing of a potential short trade as it seems to change capital flows currently. Technically supported by the daily break of the trend line.
We have just opened the second short position as it seems that market heads lower.
Keep in mind that Mario Draghi will give a speech today!
We will be looking for interesting new entry levels and keep you updated once we see interesting signs new entries in lower time frames. Potential for that currency pair is given with more than 100 pips. Reentries could be made after a pullback in lower time frames. Our Invalidation level is above 86.54.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers
Today we want to share with you the
AUDJPY as it broke significant trend line on daily close and shows outflow of capital. Technically the market broke significantly support and currently it seems that this pair is heading south. First target is around 85.35.
Our inter market indication showing also a tick to the downside as they currently move in extrem inflow area and showing a turn to massive outflow. Our intermarket analysis always helps us time our trades better. We see a good timing of a potential short trade as it seems to change capital flows currently. Technically supported by the daily break of the trend line.
We have just opened the second short position as it seems that market heads lower.
Keep in mind that Mario Draghi will give a speech today!
We will be looking for interesting new entry levels and keep you updated once we see interesting signs new entries in lower time frames. Potential for that currency pair is given with more than 100 pips. Reentries could be made after a pullback in lower time frames. Our Invalidation level is above 86.54.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers
Trade closed: stop reached
We got stopped out few weeks ago. Sorry about the late update
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