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
------------------------------------------------------- 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 ;
Comments
Technician
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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
Cfsqbwn.
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Thanks for advice...I will be pending...
TradingTipster
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Yes, looks like the breakout is still a no go for now.
manijeh.kazemi.33
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agree
Technician
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I am in, trade triggered. luck to everyone
kmk.msp
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i have open position on this trade @94.895. Is it better to exit as this is going open or it will finally come down technician. Waiting for your guidance please.
kmk.msp
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metaldome
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Looks promising. The fakey is always a worry mind.