AUDJPY pin bar short opportunity

FX:AUDJPY   Australian Dollar / Japanese Yen
24 0 4
Price is trending downwards on this 1 hour time frame with higher time frames also confirming trend. Price has recently retraced to a previous support area as well reaching the 50% Fibonacci retracement level. Price is in between the 8 and 21 moving average, the buy zone. A pin bar has formed on the retrace signalling that sellers may have rejected the retrace and price is ready to continue downward. A sell entry order may be placed at half way of the range of the pin bar candle, stop loss placed well beyond the range of the pin bar candle, profit target placed at the next area of support. Risk is 2.5
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out