Single higher high means nothing still short in play

FX:AUDJPY   Australian Dollar / Japanese Yen
271 8 11
Like many times I see before single high means nothing so while there is no 2 higher highs 2 higher lows trend still down. There is possibility that we have deeper correction higher ( ABC ) in this situation 81-80 area can be good spot to look for long on trend line retest but for now just waiting good short signal from here or another important level at 84 with target 81.500 at least
Comment: End of the Monday what marks bear day probably hope the will not be havy spikes up and another short can be added
Trade closed: target reached: Trade hit target at 81.5
Here is a first candle who really looks nice short candle
Always great posts man.
Thank you
Looks like a good setup. What would you class as a good short signal??
mantasg RJHumphries
first of all let's look to how trade developed this is my last week thinking
I always take setup on 1h 15min chart what i whant to see is like spike up in this case and then next candle rejection that spike as fell as falowing candles specially if thay are bull failing to make highs and big bodys
mantasg RJHumphries
somthing like this
look for strong candles and what happens after them
Thanks! That's a really great read. Clearly in the flow of the market, awesome. Here's to a good day!
mantasg RJHumphries
You are welcome if I not miss entry I will update
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