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Audjpy-short

AUDJPYHello Traders In this round of AUDJPY we look at a bearish flag, rising wedge or. whatever you may call it. I'm calling it easy money. In my opinion the trend. has started, the wedge is broken and a sell is in play. Will be updating during the week if required or. requested. Follow me for updates during the week and join the discussions on Telegram with "Quickpips Free Chatgroup" - I'll put the link on my status! :) Happy trading Roo :) Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own! Be sure to like and comment on the chart and follow me on trading view.
Short
by RuairidhFX
AUDJPY - Patience is keyHello Traders. This week on AUDJPY, time is on your side with this pair. If 70.000 holds, there is going to be a push in the bearish direction with this pair. (Moves within red ellipsis) Once it breaks its smaller timeframe trendlines the pair could crash down to either 67.000 or 64.000. After this, depending on where new resistance areas may be, I could then see it coming up to the trendline at 72.000-73.000 if it rebounds at 67.000. However, if it hits 64.000 it may retrace back up to 67.000 before its next move becomes clear. Please share your views, like and comment and even give me a follow :) Thanks, Roo. Please note, I am not a professional trader and do not control the market. These are simple ideas based on what I see and what I have learnt. Risk is on you if you choose to follow as I cannot be responsible for your Forex account.
Short
by RuairidhFX