Shorting AUDJPYAfter the consolidation of AUDJPY within the 90.50 area, we are looking at shorting AUDJPY with an Exit Price of 91.20. It is worth mentioning that the target set for this trade is in the 100 - 120 pips range in our direction, you may want to consider taking profits along the way and partially closing so you can book your profits in.
The SL that we have incorporated to this trade is at 91.195
Audjpyshort
AUDJPY possible short analysisLooking to sell AUDJPY at the orderblock, 2nd mitigation type entry short, waiting for possible London or New York session to wipe Asian High tapping into the orderblock before continuing to downside. Possible FULL take profits (TP) levels just above local lows, with partials along the way.
AUDJPY - SHORTAfter a few days of crazy fluctuations in price it looks like AUDJPY is heading for its resistance zone in a flag type pattern. I predict two options from here, either its going to consolidate and continue bullish - or most likely - we are heading for a short consolidation and a gradual bearish run.
AUDJPY - Short BiasAfter a 5-wave decline from 95.74 to 90.46, the pair is correcting in a 3-wave pattern. It is not clear whether the correction is over or one more upwards leg is on the cards, but I prefer to play this from the short side as long as we trade below 95.74. A break above this resistance will make us reconsider our count, otherwise we expect a large decline, through 90.46 towards 89.00
DeGRAM | AUDJPY short opportunityAUDJPY is currently testing a significant resistance level 94.000.
That level was tested multiple times, and it's still holding price.
We can see the price being rejected and it might move down to previous support levels.
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