AUDJPY: Short at linear regression channel top
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!
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.
New RgMov lows, expecting a breakout from support soon.
Watching.
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.
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.
Nothing to do in this timeframe, we're range bound until further notice.