AUDJPY Super Short Sell is On Going
1. Volume divergence, has been formed at current time-frame
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2. Retracment Fibonacci level 0.618, the price has reversed and has retested the first wave of the elliot wave
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3. In the consolidation phase, the price has corrected into the corrective stage so that the price moves further.
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4. Stop Zone, determine the stop level at the level of -0.236 which is at the price of 79.35
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5. Target Zone, the price will move far towards the fibonnachi level at 1,618 (78.95)
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Recommendation: Signal Strength >>> $$$$$
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----- This writing is purely for education and does not imply buying or selling ----
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2. Retracment Fibonacci level 0.618, the price has reversed and has retested the first wave of the elliot wave
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3. In the consolidation phase, the price has corrected into the corrective stage so that the price moves further.
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4. Stop Zone, determine the stop level at the level of -0.236 which is at the price of 79.35
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5. Target Zone, the price will move far towards the fibonnachi level at 1,618 (78.95)
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Recommendation: Signal Strength >>> $$$$$
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----- This writing is purely for education and does not imply buying or selling ----
Trade active:
SL 79.35
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TP 78.95
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TP 78.95
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Trade closed: stop reached:
Stop Out: -15 pips
Comment:
Not really lucky here. Hit SL and then drop aggressively.
This pair receives very much downward price pressure at a lower time-frame. hopefully the price will move soon.