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Cadjpyshort

Sell CADJPY [4 May 2022]Monthly: Bearish . Even though price has not entered my ideal sell zone between 109.00 and 113.00, there is a divergence on the monthly TF. So, there is a chance that market will start to drop before reaching my ideal sell zone. The current price is also at a sell zone which has been tested previously. But because it has been tested previously, the chances of price breaking through this zone is there. As such, there will be a few levels that I will be selling. Weekly: Bearish . Same reasoning as the above. Daily: Bearish divergence. There is an increase in the buying volume on 28/April/2022, the body of the candle is a strong bullish candle, however, the subsequent candle on 29th was a bearish candle, indicating there is not enough demand to push the price higher. H1: Market made a Break of Structure (BOS) which acts a confirmation for market to drop further. Waiting for price to re-enter the POI zone before we can place a trade. Considering that my bias is a strong bearish , the following price points would be the areas that I would be interested to sell and stack my positions. Entry 1: 102.05 Entry 2: 109.20 SL: 102.40 (I don't use SL because I will stack my positions until it goes to my direction). TP: 97.95
Short
by Syahmul
SHORT GBPJPYSHORT GBPJPY @ 154.60 TP: 149 SL: 158 With the way things are playing out in Russia and Ukraine, a strong risk off mood has entered the markets. I have decided to sell the break of the 61.8% Fibbo in GBPJPY as I believe this will continue to grind lower in the coming days. I will continue to sell rallies in this pair all the way up to 158 lvl (although I don't expect it to go this far if things continue the way they are). If the war subsides and the markets turn to risk on again, I will re evaluate this idea. Stay tuned until then. Adios and Good luck. Also short AUDUSD, CADJPY, CHFJPY & GBPUSD! Comment if you want to know more!
Short
by WhosPipsAreTheseAnyway
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