StorehouseAnalytics
Short

Shorting opportunity setting up on AUDJPY

FX:AUDJPY   Australian Dollar / Japanese Yen
104 0 3
MONTHLY TREND IS DOWN
PRICE HAS RALLIED IN MARCH INTO A MONTHLY RALLY BASE DROP SUPPLY ZONE

MOST APPROPRIATE ACTION(S):
EXIT ANY COUNTER TREND LONGS TAKEN FROM LOWER
PRICE LEVELS
BEGIN TO LOOK FOR SELLING OPPORTUNITIES ON
ENTRY TIME FRAME (DAILY CHART/4HR CHART)
IGNORE TREND CHART - BECAUSE FOR PRICE TO GET
TO MONTHLY SZ THE TREND MUST BE EITHER UP OR HIGH UP IN A CONSOLIDATION

DAILY CHART:
DAILY TREND IN CONSOLIDATION
SUPPLY CREATED, DEMAND VIOLATED

REMEMBER WHERE PRICE IS AT IN THE
BIGGER PICTURE (MONTHLY SUPPLY)

MOST APPROPRIATE ACTION:

CURRENTLY, ENTRY CAN ONLY BE INSIDE THE ZONE BECAUSE THERE ISN'T A LARGE ENOUGH
PROFIT TARGET TO EXIT PRICE YET

IF PRICE MOVES DOWN TO THE 83.20S THEN TRADE IS ON
Be careful what you think because your thoughts run your life..King Solomon
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