Fxprotrader
Short

Project 1001 Pips AUDJPY Sell Opportunity Ahead

FX:AUDJPY   Australian Dollar/Japanese Yen
1298 16 40
5 months ago
Looking at the higher timeframes we may see that price with a sharp impulsive downmove has broken below a long term corrective structure and is now is retracing back to the broken level in a corrective mode once again. Most likely it will bounce from that level for another down move.

We should keep a closer eye for a breakout below the correction. This will signal a sell setup with profit target as shown at the chart.

Larget view of structure:
snapshot

5 months ago
Comment: Price broke below the corrective structure
5 months ago
Comment: Attend our first webinar session where we will analyze potential setups for the upcoming week, and update the ones that already run in our project. Register using the link below:
https://attendee.gotowebinar.com/register/3439576212319911426
5 months ago
Trade closed: stop reached: ~ 17pips
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Metafora
5 months ago
Nice set up, very clear and safe, if that thing exists. Thanks for sharing.
Reply
Fxprotrader PRO Metafora
5 months ago
You are welcome mate
Reply
IchabodCrane
5 months ago
Price broke the level. I'm in. Thanks for setup. Really am impressed with your posts.
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Fxprotrader PRO IchabodCrane
5 months ago
Thank you..
Reply
jangseohee
5 months ago
maybe blue zone
snapshot
+1 Reply
aziz.au
5 months ago
Very clear, great chart Ginannis!
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Fxprotrader PRO aziz.au
5 months ago
Thank you mate
Reply
aziz.au
5 months ago
Yes, thanks I am short
Reply
Fxprotrader PRO aziz.au
5 months ago
Great..!
Reply
ReneK
5 months ago
Oke thanks for the webinar, i can't join saterday the webinar but comes it on youtube or …?
Reply
Fxprotrader PRO ReneK
5 months ago
Yes that's right. I will post it on youtube.
+2 Reply
AlanForex PRO Fxprotrader
5 months ago
Thank you for that!! Keep up the great work!
Reply
Fxprotrader PRO AlanForex
5 months ago
You are welcome mate.
+1 Reply
aziz.au
5 months ago
Could you advise what does the pink box mean? Are we supposed to sell inside this box? I possibly misunderstood as I was waiting for the break of the lower trend line and a retracement before entry. So my loss was ~50 pips. Could you advise how you kept your loss so small? I want to learn. Just making sure that I fully understand your charts. Thanks and appreciate your effort.
Reply
Fxprotrader PRO aziz.au
5 months ago
Ok aziz..! The small box represent a level where price has a great chance to bounce from. So as you see price entered and reversed as expected. It broke below the so i then looked for a setup based on my strategy. Breaking below any structure is what alerts you to look for a setup. My setup had a stoploss at 17pips. If you attend tomorrow's webinar we will explain it in details.. I hope that helps!
+1 Reply
aziz.au Fxprotrader
5 months ago
Thanks, will join.
Reply
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