AUDJPY - Short (Channel Play)

FX:AUDJPY   Australian Dollar / Japanese Yen
532 12 19
As we can see price is within down channel & there are plenty of good levels below for price to get attracted too. A retracement towards 82 handle will provide good opportunity to short this pair.

Please note this is market directional post for this pair, & any entry if found one, then I will update it below this idea in comment section. Alternatively you can use your own strategy & trade plan to trade this pair with the information available in this post.

Comment: 1st Entry will be made on completion of this BAT pattern.

FxSaint Future_Capital_Ltd
I m actively looking for any sell signal in lower timeframe. I dont have any good quality signal as of now, only couple of ideas are worthy to have a look but it is not my preferred entry. But still I will watch the monday price action before deciding how to play it. If you like than watch this chart I m attaching for levels & see how it plays there before entering short. Short on break of TL (1 or 2 depends on choice & character of trader along with PA reading ability) & stops will go above the recent high before break of TL or close above TL.

FxSaint FxSaint
Character = Aggressive or Defensive. Aggressive traders can take entry on break of T1 & others on break of T2 depending on priceaction on monday.
mantasg FxSaint
nice charts this is exactly area where I expecting to get nice shorts 83 -84 from beginning of the week and latter will decide reverse them for a long and deeper pullback before adding position what I hold for fresh lows
+1 Reply
FxSaint mantasg
Agreed, looks like we are in same boat. Lets see how it turns out. :)
On point. Awesome idea.
+1 Reply
FxSaint Fuse00
Thank you for compliment ! Sometimes I get it damn perfect :)
250 pips down :)
+1 Reply
FxSaint pathaniasourabh
Well sometime I get it right :)
Now time for power play!!!!!!!!
+1 Reply
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