Project 1001 Pips AUDJPY Sell Opportunity Ahead

Jun 21, 2016

Looking at the higher timeframes we may see that price with a sharp impulsive downmove has broken below a long term corrective structure and is now is retracing back to the broken level in a corrective mode once again. Most likely it will bounce from that level for another down move.

We should keep a closer eye for a breakout below the correction. This will signal a sell setup with profit target as shown at the chart.

Larget view of structure:

Jun 22, 2016

Note

Price broke below the corrective structure

Jun 22, 2016

Note

Attend our first webinar session where we will analyze potential setups for the upcoming week, and update the ones that already run in our project. Register using the link below:
attendee.gotowebinar.com/register/3439576212319911426

Jun 23, 2016

Trade closed: stop reached

~ 17pips