TradingView
NavelaKK
Jul 21, 2020 1:07 PM

AUDJPY SELL Short

Australian Dollar/Japanese YenFXCM

Description

3rd touch of corrective structure therefore entering sell.

Double top near by as highlighted, could fake out before entering structure again for sell.

Comment



TP1 one first target

Comment

It has reached the 4hr double top as failed to fall on the lower DT, I still expect a sell, its near the outer trend line and DT so manage how to enter
Comments
nomannik
I think it will work
nomannik
opened the trade bro, see what happens.
NavelaKK
@nomannik, 4hr RSI is showing overbought so hopefully starts to drop sooner rather than later at sl
NavelaKK
It has reached the 4hr double top as failed to fall on the lower DT, I still expect a sell, its near the outer trend line and DT so manage how to enter
Michael_Blurry
Why go counter trend? Wait for retracement then go long
NavelaKK
@philw44 agree very bullish but because the whole pattern is moving corrective, for my strategy it indicates better probability for sell soon, of course it can continue higher but the move itself says sell to me
More