AUDJPY SELL SETUP Short

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

⋅ Jul 21, 2017 6:17 AM

AUDJPY has a nice sell setup, as the 1 hr chart formed a bearish flag and broke down. Now it has pullback, and formed a lower high, good to go short down to 87.00, the next key support/resistance area for this pair.

As the daily chart is over extended, I do expect this pullback to happen into the next week.

Thank you for your support.

Comment

⋅ Jul 21, 2017 6:19 AM

AUDJPY has a nice sell setup, as the 1 hr chart formed a bearish flag and broke down. Now it has pullback, and formed a lower high, good to go short down to 87.00, the next key support/resistance area for this pair.

As the daily chart is over extended, I do expect this pullback to happen into the next week.

Thank you for your support.

Comment

⋅ Jul 21, 2017 6:20 AM

Here is the daily chart:

Trade closed: target reached

⋅ Jul 24, 2017 1:01 AM

First TP hit, 2.5% profit.

Comments

chimpsky

⋅ Jul 22, 2017 5:56 AM

all of your chart forecasts are excellent. keep up the good work.

jojofang0901

⋅ Jul 22, 2017 6:19 AM

@chimpsky, thank you, glad you are liking them.

RafaelBlanco

⋅ Jul 21, 2017 10:41 AM

Looking forward to see it through to the 87 mark. Great job on your analysis. Thanks for sharing.

jojofang0901

⋅ Jul 21, 2017 4:18 PM

@RafaelBlanco, No problem, lets see what happens :)

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