ActiveTrader
Short

Trend Continuation - AUD/JPY

FX:AUDJPY   Australian Dollar/Japanese Yen
AUD/JPY             has been in a dominant bearish trend since December 2014, continuing to print lower swing highs and lower swing lows.

We now have an excellent opportunity to trade with momentum on our side as 6 confluence factors join together to create the perfect storm.

Confluence Factors:

1. Trading With Dominant Bearish Trend
2. Rejection of Key 94.00 S/R level
3. Rejection of 50% Fibonacci Retracement
4. Price remains contained under 50 EMA
5. Rising Wedge - Bearish Continuation Pattern
6. Rejection of KEY Weekly Trend Line
Missed the entry on Friday (although I had in on my watch list and was looking for this retracement for almost two weeks :S). Hopefully we get a nice retracement to the pivot level today which would enable trader who missed the initial signal @.94 to get in short as well :)) Great stacking of confluence as always Paul!
Reply
Cesko PRO bblancke
Guys, where is the pivot point today?
Reply
@bblancke We did end up getting a nice retracement to get back in on this trade :)!! Were you able to catch it?? Thank you for the support!!
Reply
Where is your stop loss?
Reply
ForexVader PRO JasonLewis
I'd place a SL a few pips above the key 94.00 S/R level.
Reply
94.300
+2 Reply
eh yea
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions 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