PriceActionTrading
Short

AUDJPY good selling opportunity

FX:AUDJPY   Australian Dollar/Japanese Yen
207 4 10
REASON 1 : 200EMA D1 AND W1
REASON 2 : DOUBLE PIN D1 @ 90.00 KEY RESISTANCE WITH FAILURE TO CLOSE ABOVE IT.
REASON 3 : HIGH RSI D1.
REASON 4 : DEPENDING ON HOW YOU PERCEIVE IT, YESTERDAY'S WAS A BEARISH ENGULFING DOUBLE PIN FORMATION.

W1 WITH 200EMA, DOWN TRENDLINE , 90.00 RESISTANCE
snapshot

H4 ANALYSIS ON HOW I WOULD ENTER THIS TRADE
snapshot
Comment: placed sell order 90.20 SL 91.00 TP1 89.00 TP2 as far as 82.00
Trade closed: target reached: closed partially at TP1.
Trade closed: target reached: Closed most at 88.00 last night. Looking to short @ 89.6 (61.8% retracement) once more.
If price breaks above the double pin, new direction is formed and we will look to engage long.
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Looks good mate. All the BEST :)
Reply
Great work mate :)
Reply
Nice call!
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