EmmanuelHernando
Short

Analysis and plan - SHORT AUDJPY

FX:AUDJPY   Australian Dollar / Japanese Yen
73 1 9
Analysis
Equality between A-C is common, so according to this idea, this may be an opportunity to short.
The risk to reward is really good for two targets.

Plan
Short with a tight stop, just above swing high.
Comment: Stopped by a few pips, trying again, re-shorting
Trade closed: stop reached: Stopped out, and managed to get a break even on the second try.
Thats what i get for revenge trading...
Price didnt go nowhere, i will stay aside from this pair
MACD got screwed up with the drop and retrace. I would look to this:

Target is in the box. Move off the early March lows looks impulsive. Standard retrace from the top is around the 50%, right around the a=c shown in the green count. a=c is 82.635m good for 170 pips from current price (84.30).
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