AUDJPY
SHORT/SELL
Entry Level : 85.808
Stop Loss : 86.061
RR : 3.50
Take Profit : 85.121
Why Have I Take This Trade ?
Scenerio 1 : AJ is already on daily supply level & rejected three times from resistence level.
May be a good SELL opportunity.
Scenerio 2 : If it...
Head and Should Pattern as given very perfect target after entry. Always recommended to use higher time frames to read the chart pattern for better accuracy. Ex: 30 mins and Beyond is recommended for Short term 2 to 3 days trading period. For intraday 10 to 15 mins time frame works well.
Waiting for a Short.
when the price candle breaks the trendline which is parallel, then take a sell trade. there is a strong support also. so hope price will come back.
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AUDJPY based on a technical chart of H1 it clearly indicates a triangular pattern that contains a length of 110 candles and forms a bearish continuation pattern.
The trading approach will be bearish for this currency after the breakout from the support levels.
Selling zone 80.250- 80.300
Stop loss: 80.500
Target: 79.700
Disclaimer: All the information...
From looking at structure with a top down analysis I have placed some areas that I see price most likely coming to both short term and long term. I have placed an alert at 79.550 to see if price gets to my POI for a potential long position. However if price decides to hit my alert at 82.313 first then I will look for a potential short position in my POI.
