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Aditya_Mishra1
Oct 6, 2021 12:12 PM

potential 1 more small level to the downside AUDJPY Short

FX:AUDJPY60
Australian Dollar/Japanese YenFXCM

Description

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according to market maker strategy we might get a small retrace then go for level 3
Trend AnalysisChart PatternsFundamental AnalysisAUDJPYaudjpyshortmarketmakermarketmakermethodmarketmakermodel
Comments
kurupananthu
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Any insights on upcoming sell zones ?
Aditya_Mishra1
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@kurupananthu, wait for the retrace to 1 hour 50 ema then if they favour lower price then you can ride that level 3 move
kurupananthu
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@Aditya_Mishra1, the market looks freaky.. whats our chances now ?
Aditya_Mishra1
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@kurupananthu, we are recovering previous red vector candle if we break previous low then we are going to level 3
kurupananthu
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@Aditya_Mishra1, could you state where was the prev low ?
Aditya_Mishra1
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@kurupananthu, 80.570 I was looking for a break of this zone for level 3 but AUDJPY made a W pattern above this thus we didn't get level 3 for now but the projection is still valid until we break 81.208
kurupananthu
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@Aditya_Mishra1, Yes that's a possibility still.. but now the market seems to be dead around 81.02 mark..
Aditya_Mishra1
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@kurupananthu, yup we never get good moves in asian session (sydney) as compare to EU or US sessions we have to wait till then
kurupananthu
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@Aditya_Mishra1, Yes we are bound to wait now...
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