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Raz1
Nov 12, 2016 6:17 PM

AUDJPY Daily Timeframe Short 

FX:AUDJPY1D
Australian Dollar/Japanese YenFXCM

Description

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Entry: 80.152
Stop: Above Resistance
First Support Area: 78.751
Target: 76.479

Break even when price breaks through first support area.

Pin Bar on 2 day chart timeframe.

Comment

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Pin bars can often take some time to hit. Patience is required.

If the high of the pin bar is broken, this trade will be cancelled. At the current moment the trade is still valid.

Order cancelled

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This trade has been cancelled as the high of the pin bar was broken. Not being entered into a trade is better than losing a trade :)
AUDJPYshortsupportSupport and Resistance
Comments
danrindia
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@Raz1 signal is no more valid right ??
Thanks in advance
Raz1
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@danrindia, Yeah, I won't be taking this trade. Keep in tune for more including continuation and reversal trades :)
danrindia
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it looks very strong. do you still think the short idea valid?
thanks
Raz1
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@danrindia, I believe it could be the AUD and JPY news causing the rise of the pair. The signal remains valid unless the high of the pin bar on the 2 day timeframe is broken. I have purposely put the entry 5-10pips below to avoid falsely being triggered in and the price going the opposite direction. I shall update whether entry has been hit or trade has been cancelled.
gestoert
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Ok Sir, i am with you.
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