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I am anticipating this pair AUDJPY to form a flat channel for further continuation to downside. So watch the price action at the top for trade setup.
評論:
Here is the update.
評論:
Price is forming a flat channel. Watch the top for price action for entry.
評論:
We saw no price action at the flat channel formation. So we had no sell there.
now watch the next possible place for sell setup.
now watch the next possible place for sell setup.
評論:
Here is the update:
Hi Senejani, Im a newbie to forex trading. Are you short most currencies against JPY due to macro? All seem to be rallying with no opportunity for short trade
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@gr82buy, Hi. I look at patterns on bigger time frame to show me the direction of the market in the longer term. At the moment I am bearish on AUDJPY, EURJPY, USDJPY, GBPJPY and CHFJPY as they all show a similar bearish pattern. I hope this information helps you.
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@senejani.ali, Thanks, I am of the similar view & took short positions on on above pairs. Caught out on the recent rally in AUD but happy about your confirmation on the long term bearish pattern.
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@gr82buy, Yes, you need to give enough room to your trade to play out as we are looking at longer term setup which takes days to weeks to complete.
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