Shorting
GBPAUD Short PositionThis is a quick short position with only 2 price targets - the 1st target has already been hit and the 2nd should hit during the open or asian session.
Based on our algo and time - this is a very weak position with only 41 pips of potential profit.
Entry Level - 1.6127
1st Target - 1.6000
2nd Target - 1.6088
AUD/USD CYPHER DAILY PATTERN This is a good Cypher pattern on the daily chart I have just recently spotted and took to note. As like any other pattern, its valid until prove otherwise. I have marked that short as well as tp zones because of fibonacci levels.
This would be a great trade if all falls into play, but we will have to see.
USDJPY my view- TWO SCENARIOS ,BOTH BEARISH I think its time for USD index to drop a little back as well as Japanese Yen to take some strenght again in January 2017.I will sell that right after the new year begin with small position.Then if it reach 119-120 levels,i will short that for big position again With good MM of course .I will Aim for 115 level where i will close some part of position and will continue to 113 ,which will be my final target and then i will long UJ again :) pretty simple , GOOD LUCK and Wish many pips on that :)
So in conclusion
First order - SHORT @ 117.500 TP 115 (description) SL 121.8 small position !!!
Second order will be limit order with SELL limit on 119.5-120 ,same TP,same SL , Big position :)