TradingView
TheSignalyst
May 9, 2021 10:04 AM

AUDJPY - Sell Setup Forming! Short

AUD/JPYOANDA

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

AUDJPY is sitting on daily supply in green so we will be looking for sell setups on lower timeframes.

on H4: (attached below) AUDJPY is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Meanwhile, we will also look for sell setups on lower timeframes since AUDJPY is sitting around daily supply and the upper blue trendline.

on M30: AUDJPY is forming a trendline in orange but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)

Until the sell is activated, AUDJPY would be overall bullish and can still dive inside the green zone.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Comment

H4 View:
Comments
bappykhalidhasan0
great explanation
TheSignalyst
@bappykhalidhasan0 thank you Khalid
aomujohn
thing seem to go the other way round
TheSignalyst
@aomujohn let's wait and see
ahmadawada
great one
TheSignalyst
@ahmadawada thank you mate
aomujohn
@TheSignalyst, you noticed
financialflagship
Great job bro, I’m looking forward to it. Keep it up. 😊
TheSignalyst
@financialflagship, thanks a lot Alex :D
lollobchara1
Great ones
More