Display:
AUDJPY
Description: As shown above we have
AUDJPY
. This pair is currently Bearish , On Friday we had some Bullish action however it is clear the Bears
are in control. We have a rejection between the .382/.236 Daily Res, Similar to
CADJPY
which are also both trading inside Ascending
Triangle/Wedge continuation price will likely hold firmly below this level giving us a good short opportunity to violate the Lower TL/Trend/ then Weekly Support..
Indicators: Both EMA's are heading South The 50 acting as magnetic Resistance along with the 200 acting as the safer Resistance.
Duration: Long Term
Decision: I will short this pair on The open on the market with confirmation.
Trade Setup:
Entry: 81.800
TP 1: 79.650
TP 2: 79.100
TP 3: 78.300
SL : 83.000 - 83.250
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading
AUDJPY
Description: As shown above we have
AUDJPY
. This pair is currently Bearish , On Friday we had some Bullish action however it is clear the Bears are in control. We have a rejection between the .382/.236 Daily Res, Similar to
CADJPY
which are also both trading inside Ascending Triangle/Wedge continuation price will likely hold firmly below this level giving us a good short opportunity to violate the Lower TL/Trend/ then Weekly Support..
Indicators: Both EMA's are heading South The 50 acting as magnetic Resistance along with the 200 acting as the safer Resistance.
Duration: Long Term
Decision: I will short this pair on The open on the market with confirmation.
Trade Setup:
Entry: 81.800
TP 1: 79.650
TP 2: 79.100
TP 3: 78.300
SL : 83.000 - 83.250
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading
