piphunters
Short

AUDJPY: Sell the breakout

FX:AUDJPY   Australian Dollar/Japanese Yen
1348 22 27
10 months ago
AUDJPY             is in a smaller corrective structure right now and I am expecting another fall soon before we enter into a deeper weekly correction which would probably be due very soon so this maybe another good entry point to short the pair.
10 months ago
Comment: Looks corrective structure is extended and we didn't get a break to the downside so no trade for this setup.
10 months ago
Comment: didn't trade this one because price went up from the point earlier anticipated, now we got the break to the downside once again.
If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
Gwoog
10 months ago
Are you saying you would wait for the next breakout and then sell or sell now on the pullback? Thanks, Greg
Reply
piphunters Gwoog
10 months ago
I would wait for the breakout and then sell.
Reply
Olu
10 months ago
There is a possibility for price to break up if the stock market (which is oversold) bounces. Already we see that the Nikkei did not tank so there is hope for this bounce
Reply
piphunters Olu
10 months ago
if price breaks up we have no trade in this setup and wouldn't be in the market, as simple as that :)
Reply
Olu piphunters
10 months ago
I hear you, That is why you are selling a breakdown. Thanks
+1 Reply
Olu
10 months ago
By the way I am bearish audjpy but I am allowing for some retracement
Reply
piphunters Olu
10 months ago
yes, it's all bears now if you put it that way, the big rise is going to come but I don't think we may have a bottom for JPY yet and further downside is more likely as of now to me.
Reply
Olu piphunters
10 months ago
I am bullish the jpy for now too. So I see what you are saying
Reply
piphunters Olu
10 months ago
yes, thanks
Reply
Gwoog
10 months ago
So sell below 79.5 or so? Below the wick of the last red candle?
Reply
Olu Gwoog
10 months ago
Yes imho. If price wants to move up let it. But if it breaks down out of the channel we will be all over it like ants
Reply
piphunters Olu
10 months ago
hehe.. you are funny olu. Hope you get a good ride on this one.
Reply
piphunters Gwoog
10 months ago
wait for a clear break and then enter according to your strategy, I am not sure what strategy you would be using to trade this kind of setups but you should have a one that's tested and you are comfortable with.
Reply
SharperJM
10 months ago
ripoff Anil Mangal's work?
Reply
piphunters SharperJM
10 months ago
can you kindly show me what's ripped off anybody's work?
Reply
marcus123 SharperJM
10 months ago
there is no need to be rude...this is a trading site -
+1 Reply
piphunters marcus123
10 months ago
Thanks marcus for your support, actually I am not new to these kinds of reaction even though have not yet got in trading view, if 2 people happen to study the chart same way and if they are both right about a particular chart it will almost look same I agree 100%, but that doesn't mean to me least bit that I am ripping off from somebody else's work and I will not refrain from posting my view just because someone else posted a similar one earlier than me, I am not here for a race or challenge or clone. If i see fit I will post whatever I want and viewers will be the judges.
+1 Reply
11.392.1433
10 months ago
wrong
Reply
piphunters 11.392.1433
10 months ago
yes it didn't break to the downside.
Reply
Zul Trader piphunters
10 months ago
very soon ...
Reply
Lanmar PRO
10 months ago
Things are very ugly for AUDJPY.
AUDJPY IS A PHENOMENAL LONG TERM SHORT OPPORTUNITY
Reply
piphunters Lanmar
10 months ago
agree
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out