Technician
Short

AUDJPY: Breakout Imminent! Update

FX:AUDJPY   Australian Dollar/Japanese Yen
1224 22 11
Update: Stopped out.
Profit(pips)= -180.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

AUDJPY             is breaking-out heavily from the short term sideways range among 95.20 key support level , and 96.50 key resistance, which i mentioned in my previous post that i would look to short if a breakout materialize.

Bearish Catalysts:
- A break below Main near term support at 95.20 includes the latest low, the 50-days SMA and main rising trend line
- A bearish divergence on RSI supports the bearish scenario

Best of Luck
Technician: https://twitter.com/thefxchannel

-------------------------------------------------------
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
My trading ideas channel https://telegram.me/technician_forex_trades
https://thefxchannel.com
Skype: Technician - The forex channel
Guyz, i dont like this, price failed to close decisively below 95.20 support, which is worrisome for me. But anyway, i still hold to my short position, but i might exit early if we break and hold back above 95.50. I will keep you posted with developments. Good luck

snapshot
+2 Reply
Cfsqbwn. Technician
Thanks for advice...I will be pending...
Reply
TradingTipster Technician
Yes, looks like the breakout is still a no go for now.
Reply
manijeh.kazemi.33 TradingTipster
agree
Reply
Short @ 95.3...
Reply
thanks for sharing I wish you luck
Reply
I'm in... pls technician keep us informed of any changes ...
Reply
kmk.msp Cfsqbwn.
you are in @?
Reply
Cfsqbwn. kmk.msp
Yes, 95,18 short...
Reply
kmk.msp Cfsqbwn.
besdt of luck
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out