AUDJPY: Short at linear regression channel top

FX:AUDJPY   Australian Dollar / Japanese Yen
548 53 18
Downtrend continuation confirmed, bearish flag breakout is in effect.
Relative strength tells me it's the perfect time to enter short with a tight stop.
Two possible entries, one under the low, and one at a possible retracement.
1.25% risk each, good luck!

Confirming a weekly trade here...I'll try to sell on a retracement, as long as below the weekly open.

Watch this one this week...if we stay under 92.986 it's a great short.
+1 Reply

New RgMov lows, expecting a breakout from support soon.
I'll start looking for an entry short if we cross under the weekly congestion zone.
Price action turned into a stubborn range:


Teasing both sides...no real move yet.
Notice how RgMov warned us of this by not plotting new highrs or lows from that tight corridor, also no new 2 month high or low.
Daily and weekly time and price targets:

IvanLabrie PRO IvanLabrie
Invalidation level retested, this will grind sideways before going down.
I still think it will fall but it's better to stay out until the sell setup gets confirmation.
I'll get out for a minimal loss this time around.
+1 Reply
IvanLabrie PRO IvanLabrie

Nothing to do in this timeframe, we're range bound until further notice.
+1 Reply
Same situation as cadjpy.
I am with you on the short
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