Lanmar
Short

AUDJPY IS A PHENOMENAL LONG TERM SHORT OPPORTUNITY

FX:AUDJPY   Australian Dollar/Japanese Yen
229 11 7
I see things getting very bad just based on this cross. I am heavily short.
Comment:
Short AUDJPY
Comment: Retesting 81.30's once again...
snapshot
Comment:
snapshot
I just realized that the breakout that you have is a false breakout. You have to wait for one more down bar before you can conclude it's bearish. Because of this it's more likely to have a correction into the bar: https://dl.dropboxusercontent.com/u/98363503/Chart%20-%20AUDJPY%20%20%28W2-1%29.png
+1 Reply
Forgot to mention the "support" I'm referring to the green line I drew on there. Often times markets use parallel lines as an "overshoot" level. I think that's the case here.
+1 Reply
Lanmar PRO kosai19
I am no longer in the trade. I have actually been net long since mid ~81.xx

Here is my new entry to short (forgot to update this chart. Thanks):
snapshot
Reply
Thanks... the new chart falls in line with my expectations for USDJPY, and S&P 500. If you look at W1 chart for both they are incredibly bearish (head & shoulders pattern on both). It's highly likely to hit your purple line I think. I'm currently long S&P 500 also until it tests resistance then I'll be selling heavily... I can add AUDJPY thanks to your charts also... thank you!
+1 Reply
Lanmar PRO kosai19
Agree! Thanks for input!
+1 Reply
Basically the AUDJPY is moving like the USDJPY and S&P 500 Index (if you look at the charts they are all correlated, especially the USDJPY and S&P 500 Index).
By the way, your long term chart is one of the best I've seen. Excellent of use of spotting the cycletop/cycle bottom pattern!
+1 Reply
Lanmar PRO kosai19
Yes, basically. Thank you sir.
Reply
HAHA, I took the same setup,a few minutes ago.
+1 Reply
Lanmar PRO Darenth
Nice! It's a great trade! Risk is very low.
Reply
Darenth Lanmar
In all Yen's pairs, this pair is the most perfect, good luck mate!
+2 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out