AUDJPY SHORT
AUDJPY - SHORT
What are we expecting?
- JPY Strength -AUD weakness = AUDJPY Short Trades.
What is our confirmation?
- Price has finished its 5th leg in this retracement into our fib level 0.618% and created a BIG WICK indicating JPY Strength coming into the markets
- JPY Strength
- Also, our bias on AUDUSD Is Short Positions hence why we are looking for short trades on AUDJPY.
Where shall we enter?
- We can enter a safe position our WFB trendline has been broken.
- Correction to be formed once our risk trendline has been broken to add more confluence to entering short positions.
Once entered where will our SL BE?
- SL will be confirmed once we see correction of the break of our trendline. Above the tops.
Targets?
- Major Trendline for targets.
What are we expecting?
- JPY Strength -AUD weakness = AUDJPY Short Trades.
What is our confirmation?
- Price has finished its 5th leg in this retracement into our fib level 0.618% and created a BIG WICK indicating JPY Strength coming into the markets
- JPY Strength
- Also, our bias on AUDUSD Is Short Positions hence why we are looking for short trades on AUDJPY.
Where shall we enter?
- We can enter a safe position our WFB trendline has been broken.
- Correction to be formed once our risk trendline has been broken to add more confluence to entering short positions.
Once entered where will our SL BE?
- SL will be confirmed once we see correction of the break of our trendline. Above the tops.
Targets?
- Major Trendline for targets.
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.
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.