mantasg
Short

Single higher high means nothing still short in play

FX:AUDJPY   Australian Dollar/Japanese Yen
267 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
snapshot
Trade closed: target reached: Trade hit target at 81.5
Here is a first candle who really looks nice short candle
snapshot
Reply
Always great posts man.
Reply
Thank you
Reply
Looks like a good setup. What would you class as a good short signal??
Reply
mantasg RJHumphries
first of all let's look to how trade developed this is my last week thinking
snapshot
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
Reply
mantasg RJHumphries
somthing like this
snapshot
look for strong candles and what happens after them
Reply
Thanks! That's a really great read. Clearly in the flow of the market, awesome. Here's to a good day!
Reply
mantasg RJHumphries
You are welcome if I not miss entry I will update
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out