Fxprotrader
Short

Project 1001 Pips AUDJPY Sell Opportunity Ahead

FX:AUDJPY   Australian Dollar/Japanese Yen
1302 16 40
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

Comment: Price broke below the corrective structure
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
Trade closed: stop reached: ~ 17pips
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
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
Thanks, will join.
Reply
Oke thanks for the webinar, i can't join saterday the webinar but comes it on youtube or …?
Reply
Yes that's right. I will post it on youtube.
+2 Reply
AlanForex Fxprotrader
Thank you for that!! Keep up the great work!
Reply
Fxprotrader AlanForex
You are welcome mate.
+1 Reply
Yes, thanks I am short
Reply
Great..!
Reply
Very clear, great chart Ginannis!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out