Technician
Short

AUDJPY: Quick short trade for the coming week #forex

FX:AUDJPY   Australian Dollar/Japanese Yen
1927 23 32
A possible trade for next week
Minor hourly double top at previous swing high and resistance at 93.05 and 50-days SMA .

Good luck...
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Technician

Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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Agree. I'm already in shot.
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Agreed. Also noticed a divergence with the RSI on the hourly
snapshot
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I'm in it as well
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I am short on this as well but just be aware since the fundamental sentiment is shifting. This pair is inverse of USD/JPY and if dollar weakness continues next week this might not hit the targets. So
watch this trade carefully.
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hi technician great chart!
when to open the trade? :D
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you're a master of trendline ^^
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Is this trade closed ? It hit 93.10 .
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Tijmen_K anish_206
no? dindt hit 93.10 yet?
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anish_206 Tijmen_K
Actually It DID hit 93.13 , Check the charts.
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Tijmen_K anish_206
i think i am staying on this one. he is going down now.
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anish_206 Tijmen_K
Seriously if you end up being right on this one, I swear the gods are against me. I currently have a Long position open with Stop loss at 91.94
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anish_206 anish_206
snapshot
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Tijmen_K anish_206
we will see, i have short open now.
good luck..
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anish_206 Tijmen_K
Will see. Good luck to you too.
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Mates, this is a clear example of over the weekend risk, don't put a pending order late friday, wait for the market to open on monday to open your position.
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anish_206 Technician
Thanks for the suggestion. So is this trade closed ? OR ?
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This trade is not active in first place , because as i wrote on the title " for the upcoming week".
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Technician TOP Technician
The right thing to do now, is to look for a break below 92.30 to confirm a new short position
+1 Reply
anish_206 Technician
Thank you. Will see how it unfolds. :)
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Tijmen_K Technician
Thanks you for your reply
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This trade should have been a winner.
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Casey_Yeo Technician
Surprised that you didn't take it. Wasn't that a triple top after yesterday's gap up?
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anish_206 Technician
I guess it IS a winner. It's now 91.77 and still going down . Where's the loss ?
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