PriceActionTrading
Short

AUDJPY PLAYING THE WEDGE

FX:AUDJPY   Australian Dollar/Japanese Yen
195 8 3
ENTER THIS TRADE FOR GREAT RISK REWARD . PRICE REJECTED FROM 93.26 LAST WEEK FORMING A MINI D1 PIN BAR .
IT IS MINI BUT ON THE LARGER SCALE IT WAS ALSO REJECTED FROM THE WEDGE PATTERN.
TRADE THE WEDGE FROM THE TOP TO THE BOTTOM, OR AT LEAST TO THE 20SMA BEFORE UPTREND MAY CONTINUE.

H4 RSI DIVERGENCE
GOOD RISK REWARD
RISK 30PIPS TO MAKE 90 PIPS


QUICK IN QUICK OUT TRADE. SHOULD BE DONE WITHIN 24 HOURS.
AUDJPY Daily
snapshot


Watch out for those 2 lines, I think they are better entries for short
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Sorry did not include the H4 showing the obvious bearish RSI divergence
So, here it is.
snapshot
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and indeed a nice RR there. :) therefore i am with u.
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Yes indeed. 24 - 48 hours im guessing. gd luck mate. may the pips be with you
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I like posting ideas with good confluence. If anyone disagrees or agrees with my idea please post comment here, it helps traders to better their trading decision.
Especially comments that disagrees with my ideas, as it helps other traders and myself see other point of view that i have missed.
Please do.
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RT.FX PriceActionTrading
no problem mate.
but u mention 24 hour trade. may not be so fast . probably 2-3 days to reach ur take profit
overall im bearish on AUD
+1 Reply
thanks bro for sharing
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No problem.
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