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Audjpy-short

AUDJPY Simple sell High R/RThe pair is near the 0.886 fib level of the down move from .8750-.8360. It is also at the top of a corrective channel and the RSI is highly overbought. This a great risk to reward trade. Stops will be above the high. Zoom into lower time frame for a better entry. *Please use your own strategy when making a trade. This is just my personal view and not a recommendation to buy or sell. As always if you need any clarification or help contact me through comments or personal message.
Short
by yutrader07
1
AUDJPY - Short setup after adverse reaction to resistanceAUDJPY has been on a long running streak to higher prices lately. However, once price reached the 50% Fibonacci retracement area that is supported by an area of resistance (red rectangle). Sell Order place a few pips below yesterday's low, SL is placed above the resistance area, and profit target is initially near previous major support. Since this may be the start of a new uptrend, I will be looking to move my SL to BE quickly to protect capital (most likely once the position is 50-100 pip in profit).
Short
by nboone
AUD/JPY reached buy target 87.70AUD/JPY reached buy target 87.70 Next sell target – 84.60 AUD/JPY has been falling in the last few trading sessions inside the minor corrective wave (ii) – which started earlier this month – when the pair reversed down from the resistance zone lying at the intersection of the upper resistance trendline of the daily up channel from June, upper daily Bollinger Band and the resistance level 87.70 (which was set as the buy target in our previous forecast for this currency pair). AUD/JPY can be expected to fall further to the next sell target at the key support level 84.60, standing close to the 50% Fibonacci correction level of the previous sharp upward impulse (i) from the middle of November.
Short
by harinsara
AUDJPY Institutional Short SetupHello traders! With Friday's price action signaling a reversal off the 87.54 high we can expect further consolidation/downside. The 86.66 area will be a likely place to see price find some resistance going forward. Selling just ahead of the figure with a 30-40 pip stop loss would be a trade with the odds in your favor. Look to get whatever you can on the profit side, but be mindful that this pair has been in a strong uptrend for a while with major support starting at 85.55. Good luck to anyone that takes this trade!
Short
by UnknownUnicorn261897