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Audjpy-short

AUD.JPY - BEARISH CYPHER SETUP - 77.809On the AUD.JPY 1hr chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 77.809 & 78.168 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets at around 76.710 Stop loss would be placed above X leg structure resistance. Target 1 - 77.317 Target 2 - 77.003
Short
by UnknownUnicorn180388
2
AUDJPY SHORT POSITIONI opened a short position Sunday evening at the 78.70 level, but was not able to post to tradingview. Took this on the 4 hour chart with an oversold RSI confirmation This is an update on the position We have been moving well due to an impulsive move down , price is now consolidating on the long term trend line and forming a bearish flag. We are up about 40 pips. This could be another opportunity to enter/ add to positions * Be wary of AUD interest rate decisions tonight Whispers are of the RBA to potentially attempt further easing down the line in the relatively near future Could make for good longer term holds , especially on AUD/USD pairs with the FED looking to raise rates at some point
Short
by NickofJupiter