PriceActionTrading
Short

AUDJPY AREA OF INTEREST AFTER WHIPSAW.

FX:AUDJPY   Australian Dollar/Japanese Yen
397 25 15
EDIT : THE MENTIONED PIN BAR IS YESTERDAY'S PIN BAR D1. SORRY FOR THE CONFUSION THERE.

price went below the pin bar
triggering sells
while market maker
are loading their buys
because of the
resistance turned support
simple analysis.

this is the market trying to
stop out new traders.
which they did
successfully.

this bull may run out of steam
at the 61.8% or 95.00 level

AUD just successfully
performed a whipsaw.

NOT SAYING THAT WE SHOULD BUY OR SELL BUT I JUST WANTED TO SHARE MY KNOWLEDGE AND ANALYSIS OF WHAT HAPPENED. MARKET MAKER WHIPSAWED THE MARKET CAUSING A 130 PIPS SURGE DOWN AND UP, STOPPING OUT A LOT OF TRADERS, TRAPPING OTHERS. UNLESS YOU HAVE TAKEN A CONTRARIAN TRADE LIKE MARKET MAKERS MOST OF THE TIME DOES.

AN EXAMPLE OF THIS CONTRARIAN TRADE IS THE ONE I AM LOOKING TO TAKE - USDCAD            
USDCAD INSIDE BAR LOOKOUT

I WILL BE LOOKING FOR SELL @ 95.00 - 96.00 AUDJPY             .
H1 ANALYSIS
READ IN DETAIL.
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Casey_Yeo
2 years ago
Price went below which pin bar? 29 Apr candle doesn't seem like pin bar, more of a indecisive candle. Just saying. :)
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PriceActionTrading Casey_Yeo
2 years ago
Are you talking about the 29 Apr candle which closed @ 95.28?
My analysis does not include that candle. I was talking about yesterday's D1 candle. That mini pin bar formed at the resistance turned support 94.00.
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Casey_Yeo PriceActionTrading
2 years ago
I see. My bad.
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PriceActionTrading Casey_Yeo
2 years ago
Nah it was my bad. I did not include an arrow there. I usually would but i am rushing this idea. Sorry about that.
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PriceActionTrading PriceActionTrading
2 years ago
One could use that candle (yesterday's) to enter long as that candle is the middle of the 3 bar reversal formation. IF it actually becomes a 3 bar reversal formation today :)
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Casey_Yeo PriceActionTrading
2 years ago
Sorry. Not following - what 3 bar reversal formation?
More interested with AUDNZD. Waiting for candle to close.
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PriceActionTrading Casey_Yeo
2 years ago
I see.
That chart looks good. But i do not trade crosses. I only trade Majors and JPY crosses.
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PriceActionTrading PriceActionTrading
2 years ago
My plan is to sell @ 95.00 - 96.00. I wished i was already in at the spike high to 94.9.
I may never get in but it is worth to keep a lookout i think.
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Casey_Yeo PriceActionTrading
2 years ago
Hope you get filled there. For some unknown reasons, I often have problems trading JPY pairs.
+1 Reply
PriceActionTrading Casey_Yeo
2 years ago
I see. JPY are the king of intervention probably thats why, if you asking why we are stopped out more often than not.
I do not trade crosses too. So we all have our thing.
+1 Reply
I think its critical here
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+1 Reply
nappenbir Technician
2 years ago
i think short i want see here more short

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+1 Reply
nappenbir nappenbir
2 years ago
AUDJPY
+1 Reply
Technician TOP nappenbir
2 years ago
Thats a huge target. GL
+1 Reply
nappenbir Technician
2 years ago
yes we see price down!!
+1 Reply
PriceActionTrading Technician
2 years ago
Huge target yea. Idea is there. Nice.
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PriceActionTrading Technician
2 years ago
Yes indeed. 200SMA also lies at 95.47.
Im in AUDUSD already instead of AUDJPY.
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Anyways. inside bar fakey found at USDCAD as expected. The contrarian trade i was mentioning.
Anyone in already?
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Technician TOP PriceActionTrading
2 years ago
Just shorted GBPUSD , limit short CADJPY...
+1 Reply
PriceActionTrading Technician
2 years ago
Yes very bearish W1 pin bar. I was looking to short at strength somewhere near 50% of that pin bar. Not sure if that was gonna happen i took other viable trades. I got stopped out at BE for my EURUSD trade after having a nice run. Kind of sad.

GBPUSD
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PriceActionTrading PriceActionTrading
2 years ago
And it is a bullish engulfing rejecting 1.5100 on the D1 so i am expecting more upwards pressure today. So i will not exactly sell it just yet but i am sure you have your reasoning for doing so.
Good luck Tech.
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Technician TOP PriceActionTrading
2 years ago
Usually in strong impulsive waves we don't get that deep correction. I shorted based on this http://s21.postimg.org/xank405s7/Capture.png . I hope i am right in the timing..
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PriceActionTrading Technician
2 years ago
Yea. I am also hoping for short gbpusd eurusd. usd strength/weakness seems off throughout the pairs. audusd and eurusd going high. sad.
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If only i know a way to send notification to my followers informing them of trendlines broken, watch this or stuff. Instead of having to types comments or post an idea just for a comment. That would be great.
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