AUDJPY Short: for educational purposes only. W & 4HR chart
If we look at last weeks WEEKLY CANDLE, well it can only be described as a bearish pin-bar but that is my subjective view, plus this weeks WEEKLY candle is starting to form the same way. Ie. as a pin-bar candle bearish.
I am seeing momentum on all intraday charts to downside right up to the important weekly chart.
Standby, I will enter the trade very soon if I see a good opportunity to Short without being manipulated by the market makers. IE. They will immediately take the other side betting against me. Standby
Shortaudjpy
looking At AUD/JPYhey guys short anaylsis explaniation but im looking for a Swing Trade will be holding this for this week and possibly the start of Next week
Hope you guys caught the live session i did the other day and look out for more as i will be Going live more often maybe a few times a week.... to be determined but i=enjoy the value and these set ups
Remember information shared is for Educational and Demo Purposes only!
Disclaimer- This is not Invesrment advice, i am not an incvestment advisor, i am just an Average Joe Playing online Poker and looking for market opportunities and as soon as they present themselves i anaylze said opportunity and take it! I'm Not a Perfect trader, i actually loose some trades, and what you'll find out when it comes to trading, it doesnt really matter your w/l ratio as much as it does with your risk to reward per set up!
Disclaimer - Trading is RISKY and you can loose some or all of you investment, No ONE Should ever trade with money that they cant afford to loose!
Bearish (SHORT) AUDJPY
-Price is in an overall bearish trend
-Currently on the 4hr and lower TFs it appears that price is consolidating.
-Expecting price to form a candlestick reversal pattern and retrace to test the 50.0--61.8 fib level.
-Price also formed sort of a double top and broke below, a retracement to the previously stated levels, would also serve as test of the neckline.
-Once price make a retracement and respect the levels, I am expecting price to make another push to the downside, continuing the trend.
Please Like, Follow, Comment. What is your analysis?
AUDJPY ShortWe just made a double top and now waiting for the price to pullback. We spotted a parallel Channel and we are expecting price to move close to the bottom line of the Channel. We need a move downwards to confirm the reversal of the trend.
RSI : RSI lines crossed and we are looking for a reversal of the trend. Also RSI above 70 means Overbought.
MACD : MACD is less bullish than before and we are waiting for lines to cross to confirm the reversal.
ATR is 120 PIPS
Entry : 93.3
Target : 86.5 ( Almost Bottom line of parallel Channel )
Invalidation : 95.65 ( 120 PIPS higher above last Higher High )
Ratio 1:3
AUD/JPY short at 1hr Resistance in Daily DowntrendI didn't take into consideration spread upon entry. My 5 pip SL position size was filled 7 pips away from that technical pivot SL area. This is a lesson learned and next time I will take into consideration the spread before entry. If I am still filled at a price that is significant from original calculated position size then I will exit, then enter with correct size if price is still in general sell area. I was emotional and decided not to close the position when I realized it was incorrectly sized. This was not good but I have a plan for how to deal with this on the next trade. Now it's up to me to jut do it. Otherwise this was a good trade since I followed my process for the most part
AUD/JPY 1D short idea We can short trade from 81.900 - 82.400
and following shown targets and stop lose .
** Important **
this is a daily chart and stop lose is BIG
so please make sure that your potential
lose not more than 2% of you portfolio >
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>