AUDJPY seems ready to start bearish traction. Several factors favour a bearish case :
1. Series of Lower highs, 2. Below 200 MA 3. Announcement of BoJ Kuroda : 'Excess Yen strenght now corrected' 4. Risk of a correction in Nasdaq 5. Breaking Ending diagonal
SL above 95.8 on a daily close
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UPDATE : Close to reach final target , move stop to 93.3
jangseohee
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next important zone will be around 90-91.6 which confluence to yours
yes you are right ^_^
Realisto_FX
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UPDATE : First target met, move Stop to 94.7 to reduce 30 pips risk
Realisto_FX
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UPDATE : If you are not short on this pair yet, there´s a chance at current levels, SL above 0.95 on a daily close (approx. 100 pips) . Target 90.4 area
Realisto_FX
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UPDATE : This trade is an example why I wait to daily close to apply stops. Price retraced and stays below the diagonal. So in any case I will wait for a close below 95.3
Realisto_FX
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Realisto_FX
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UPDATE : Potential reversal today. I´m considering tomorrow open a long aligning with @PriceActionTrading view
Realisto_FX
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UPDATE : Bearish potential still intact, and followers not yet in the trade can still enter with adjusted SL @ 95.8 on a daily close
PriceActionTrading
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This is my view
sell at completion. do nothing now.