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FX618Analysis

AUDJPY Swing SHORT Trade Executed! Price Aiming For 74.500

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
FX618Analysis Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators AUDJPY tradewar safehaven yen short Trend Line Break support aussie RBA
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trendanalysis chartpattern indicator audjpy tradewar safehaven yen short trendlinebreak support aussie rba
AUDJPY Channel Continuation! Price Likely To HIT 74.500 Level

Have a look at the above link for the analysis behind this trade setup.

Entry level: at around 77.400
STOP LOSS: 80.300
TAKE PROFIT: 74.500
RR: 1:1

With Trump threatening fresh tariffs on Chinese goods imports, the aussie made a gap down there by breaking the trendline and looks to set to continue its downward channel move!

shall there be any updates, i will update them below as needed. cheers
Trade closed manually:
CLOSE THIS TRADE. PRICE HAS BEEN DEEPLY OVERSOLD. OVER THE COMING DAYS WE WILL LIKELY SEE SOME CONSOLIDATION. IN THE FUTURE I WILL GO SHORT AGAIN ON THIS PAIR, ONCE THE CONSOLIDATION IS OVER. GOOD PROFITS

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AUDJPY Channel Continuation! Price Likely To HIT 74.500 Level
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