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Swerver
May 23, 2017 5:06 AM

AUDJPY - POT Bearish Flag and continuation - Short - 4HR Short

Australian Dollar/Japanese YenFXCM

Description

AUDJPY - Bearish Flag and continuation - 4HR

618 retrace of previous swing
bearish flag formed
Monthly Pivot second rejection
RSI not broken in downward trend.
If trading the Flag, wait for a break, if you are aggressive potentially buy here.

Comment


reversal at top of zone, money...

Comment

We see some accumulation in the zone, if we open up the chart a little we are looking at the last 2 impulses, will we repeat?

Trade closed manually

Break above here will be looking at he next target.
Will be looking for Divergence around completion of pattern

Comment

Comment

Really got suckered out of this trade after what looked like a breakout to the upside. now 100 pips south
This is market life and move on to the next trade.
Comments
YounesAb
flag get knocked already , so forget about bear it look like a '' flat '' trend is comming ,
Swerver
@YounesAb, Until we close above the area on the 4HR area the trade is active, so far we only see rejection at this area.
I manage trades, took some profit on the first drop, still 2 more partial positions open.
Swerver
@YounesAb, the rise before is now @ equal distance, as the last impulse.
Its always possible we can move up, I generally reverse trade, so look am looking for these areas, if we break through then yup we will trend higher
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