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LesibaSteezyMothupi
Aug 24, 2018 10:31 PM

AUDJPY 60 min Short Short

AUD/JPYOANDA

Description

Price has broken out to the downside on our weekly and daily, We moved to the upside on smaller time frame and price moved in a corrective phase as we see that it has gave us bearish flag that represents a break to the downside. The time of entry that we looking for is slightly aggressive due to us entering a short trade before price has broken the flag structure. We see that price will be touching the 1hr resistance for the third touch and an ideal setup is if we could get an ascending pattern that we can take a short trade from.
Comments
FXCM
thanks for sharing! What is your view on it now, is there room for further downside? here's what I am seeing on AUDJPY now :
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