I am looking for confirmation to enter this trade due to the confluence embellished in technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.
A big thank you for the heads up. I could have missed that. Really appreciate your work here.
FXCM
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I agree with your bearish view on AUDJPY. Our trading signal idea is also of the same bias. It is currently testing a channel resistance and we see it reversing down to its support soon.
DatDudeDanny
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I'm shorting this pair as well.I have different reasons, but your analysis confirms my bias. I have 82.05 as the 1.618 extension of this last move to the upside. My tp is the .618 level at 80.600. Good luck to you!