AUDJPY: Sell setup forming

FX:AUDJPY   澳幣 / 日圓
119 4
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.
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
@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.
gr82buy senejani.ali
@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.
@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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