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TAS_is_Goliath_Capital_Growth
Mar 31, 2016 3:53 PM

AUDJPY Big Short comming Short

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

AUDJPY, Worthwhile taking a look.
It is hitting the top of a daily downtrend channel with a double top at a Resistance Level.
CORRELATION
1-Upper Channel Hit
2-Resistance Hit
3-Double Top at resistance
4-R1 daily pivot
5-RSI Divergence over the last days.

Look ar correlated pair so not to double your risk
PAIR CORRELATION
CADJPY + 93.8%
EURAUD -76.8%

Trade active

Entered at 86.35

Comment

If price breaks the first red line it's on its way

Trade closed manually

Closed in profit Manually before news

Trade active

Retest of the red line is a good reentry. I'm still in, the Trade closed coment was a mistake as I was closing other positions.

Comment

Added to the position on trendline back retest

Comment

Falling as predicted. Go baby go!

Comment

Moving in Stop

Trade active

Great trade, still moving our way

Trade active

Best trade so far, AUDJPY and CADJPY with a big fall this week

Trade active

Ading to position

Trade closed manually

Closed Manually
Comments
Sarfaraz_Limbuwala
Techinicals indicate JPY to 104 hence AUDJPY 75 is a possibility
TAS_is_Goliath_Capital_Growth
I'm trailing stop to lock in profit
Streetsurfer
Looking good. Didnt take this trade but you look set for some huge pips
TAS_is_Goliath_Capital_Growth
Yep, thanks for the comment.. Was also looking at this on another timeframe. Both made me enter.

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