Audjpybreakout
Audjpy Short Looking Cool This is looking Nice Short Here Breaking out lows with volume and lot of room left to go onto the downside i am quite happy with this trade here hope to see fast move down.
Trade is active and let us see how fast it drops towards lows i am not seeing any bull pressure here by the way.
WXY double three correction is nearly completeDaily / weekly correction is at the final phase (if we get a WXY only and not a WXYXZ.) If the correction is over by then, we would know looking at the characteristics of the reversal wave. I'm in for the next impulse up, even if it turns out to be the X wave for another ABC down.
AUD/JPY Long & Short Ideas If the price breaks the channel at 79.105 expect it to go down to "Support Level" at 78.943.It may continue going down, but the price could retrace off the "Support Level"and retrace off the previous channel.But if the price breaks the channel at 79.365 excpect price to continue on an uptrend,But the price could also retract off the channel and go back down to the "Support Level". I think the price will break the resistance level by the end of the day.