AUDJPY - POTENTIAL SHORT SET UP

Yen/Jpy pairs have been bullyish this past week, expecting it to continue

before we may start seeing selling pressure, if price hits 61.8 fib retracement,

Higher time frame signalling a potential downside channel

This is just a trade idea!!

All about patience and seeing how price plays out.

Potential 200-300 pip move to the downside

#JugFX

Trade active:

Price has already started it's bearish momentum

Evening star has been formed on DAILY

with a shooting star formed on Weekly

Could see price head down to the 0.236 fib retracement level and possibly lower down to the 79 area

Just what I see - a potential idea

Comment:

Price has spiked on respected target of 61.8 fib retracement. Could potentially see some bearish momentum on AJ as evening star has been formed on the daily

Remember - No confirmaton, No trade

#JugFX

Trade active:

aj sells is now active - I did say once price hits the 61.8 fib retracemet, we could potential see some bearish action!
master the charts and the rewards will follow!!

#JugFX

Comment:

I also did mention, the bullyish momentum which happened could potentially continue with the yen pairs which it did. But this was just a fake out

trade carefully - I must remind myself this everyday

#JugFX

Comment:

180+ Pips if you had caught the sell from the 61.8 fib retracement!!

Move Up SL and let price play out

#JugFX

Trade active:

Looking at Long term sells on AJ, as we can see a strong bearish engulfing candle on the weekly,

expect some retest, retracements etc

#JugFX

Trade closed: target reached:

Should've taken profits with AJ - will be keeping my eye on this pair

Price has started to make it's move to the upside

#JugFX