piphunters
Short

AUDJPY: Sell the breakout

FX:AUDJPY   Australian Dollar/Japanese Yen
1350 22 27
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.
Comment: Looks corrective structure is extended and we didn't get a break to the downside so no trade for this setup.
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.
Are you saying you would wait for the next breakout and then sell or sell now on the pullback? Thanks, Greg
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I would wait for the breakout and then sell.
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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
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if price breaks up we have no trade in this setup and wouldn't be in the market, as simple as that :)
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Olu piphunters
I hear you, That is why you are selling a breakdown. Thanks
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By the way I am bearish audjpy but I am allowing for some retracement
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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.
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Olu piphunters
I am bullish the jpy for now too. So I see what you are saying
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yes, thanks
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So sell below 79.5 or so? Below the wick of the last red candle?
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Olu Gwoog
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
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hehe.. you are funny olu. Hope you get a good ride on this one.
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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.
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ripoff Anil Mangal's work?
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piphunters SharperJM
can you kindly show me what's ripped off anybody's work?
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marcus123 SharperJM
there is no need to be rude...this is a trading site -
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piphunters marcus123
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.
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wrong
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piphunters 11.392.1433
yes it didn't break to the downside.
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Zul Trader piphunters
very soon ...
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Things are very ugly for AUDJPY.
AUDJPY IS A PHENOMENAL LONG TERM SHORT OPPORTUNITY
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agree
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