Forexian
Short

Aussie Yen, A short term sell

FX:AUDJPY   Australian Dollar / Japanese Yen
It's about time.
Just observed some signs of the first daily correction of the recent up move on AUD pairs, except AUDCAD .

Don't neglect the possibility of the last spike/up move, before starting the correction as shown on the chart by narrower arrow.

πŸ’¬ Please let me know your perspective on this

Happy Trading & stay green! ✌️

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Trade closed: stop reached: So the spike scenario played out. πŸ™„

Hopefully you are not as an aggressive trader as I am, listened to the advice, and took the risk of the mentioned spike into consideration.

Comments

@Forexian A fall of almost 500 pips in the making!?! Is that a short term or long term trade? If it’s a short term, that will be awesome!
Reply
Forexian UnknownUnicorn4263724
@UnknownUnicorn4263724, Thanks for your comment, I didn't say fall, It's a short term trade inside the first possible daily correction, the red-green shape of a trade is not that accurate, I expect a down move in corrective fashion to the 50 - 61.8 % of Fibonacci
Reply
Forexian UnknownUnicorn4263724
@UnknownUnicorn4263724, maybe something like this:
Reply
@Forexian, Hi there! Nice... still a good 200-300 pips down though. I see it crashing to the 60 range in no time as Australia is affected largely by China and America’s going tensions. JPY is also a safe haven which is planning to opening up its economy this week. Lots of indications to AUD Falling massively.
Reply
Forexian UnknownUnicorn4263724
@UnknownUnicorn4263724, Don't know, maybe, but I think it would be a slow move
Reply
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