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dtonysav
Feb 18, 2020 9:01 PM

AUDJPY Bears in play! Short

Australian Dollar/Japanese YenFXCM

Description

Finally broke out of the pennant and naturally, we'd wait for a retest.
But if the market has taught me anything it's that retests don't always happen so over time I've been able to easily enter the market in cases like this where the driving pair is pretty strong. And yes, I'm talking about the fib tool. My ellipse outlines my entry point and I'm using the area between the 1.618 extension and the previous support zone as my target.

Comment

no fib rejection so waiting for imminent retest for entry.

Order cancelled



Analysis has been invalidated
Comments
transparent-fx
here is what I have on watchlist for AJ
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