dojitrader

2 Thoughts Same Goal . . .

FX:AUDJPY   Australian Dollar / Japanese Yen
66 4 1
Probably getting ahead of myself, yet, should this occur it has confirming
analysis (I'm putting the second chart in the comments)
slow day for me so, I noticed this while seeking comfort in the charts.
So, should we look for buying opportunity now and/or wait to sell, should all this speculation come to pass ?
Patterns were completing so well, AND THEN, they collapse in the last 3 or 4 hours
seems like a lot more of that happening then usual --- or am I just a sore (not making
any pips) loser ?
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Hey doji, what rules are you using for reversal confirmation at point d?
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This kind of pattern I would be looking for some help from the candlesticks, in this case
some kind of bearish combo for a trigger and stop placement - if I felt the set up was
shaky - otherwise, if I was feeling aggressive I'd just enter right on point D and place the stops just
above the highs of the 15th.
May the pips be yours ~~~~~
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Chart #2
A little Elliott wave would reach the same point to sell.
Of course, everything would have to be rather classic and
unwavering harmonics. Not the highest of probabilities ~
snapshot
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