dojitrader
Short

Double Top or Ready To Blast Off . . . ???

FX:AUDJPY   Australian Dollar/Japanese Yen
55 8 1
Divergence is setting up nicely and there are several
larger time frame patterns published on TView and elsewhere
that signal a short is eminent.
Of course, it could just blast off into the stars . . . which
makes this a great little trade as risk is well defined and
very low. If the highs are taken out there is little in the way
of resistance until 98 and then 100. So this is very black
and white with little doubt once the market speaks.
Daily RSI is almost 90 and the 4hr chart is also showing
good divergence. Perhaps the candlesticks will offer
a precise short entry trigger, if not my ideal @95.98
Bring it on !!!!!
{{my goodness I'm feeling my oats today}}
(((if it does break to the upside will look to go long with a retest of .9600)))
~~~~Wish I could label a confirming Ewave count, but . . . . ~~~~
??? I'm Done !
dojitrader
2 years ago
Larger time frame:
snapshot
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dojitrader
2 years ago
Ideal entry was hit and divergence continues. . .
So why do I still feel like this is gonna blast off ?
A small risk to find out ~~~~~
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dojitrader dojitrader
2 years ago
Now that I'm fully awake I see no reason to keep initial stops.
Any new highs will probably indicate this set up has failed.
Moving stops to 96.139
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Sandeep_Gupta
2 years ago
A bearish Butterfly also confirms the sell.
Bearish Butterfly
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dojitrader Sandeep_Gupta
2 years ago
The battle rages on . . .
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itaskar
2 years ago
Iam curious because A61! is on good support level
snapshot
and J61! is fighting with support line
snapshot
Iam more bullish here
Reply
dojitrader itaskar
2 years ago
The hourly chart is turning -- Bullish ~~~~~
Reply
dojitrader
2 years ago
Starting to look more like a tennis match ----
It's winning, it's losing, it's winning, it's losing, it's winning, it's losing . . . . . . . .
Psychologically, it's not really good to watch things so closely.
Entry has been made -- stops are in place. I've done what my system
tells me to do, and therefore, this is a good trade - win or lose !!!!!!!
Driving myself crazy does nothing but put doubt into my method.
And, thus, make the next trade more difficult to enter or not second guess.
The "score" might be 40 All in this particular match,
I'm just trying to remember I've done my job as a trader ~~~~~
"Harmonics are easy, Psychology is tough !!! "
I think it's time for breakfast ~~~~~~
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