AUDJPY Waiting For The Next Impulsive Wave Down

FX:AUDJPY   Australian Dollar / Japanese Yen
659 17 33
Price is in a corrective structure better seen at the lower timeframes after that big impulsive drop. It may take a while but if price reaches the key level a i have drawn in the chart we should start watching for a sell setup to catch the next impulsive wave to the down.

On the way to that level we might have buy opportunities in this correction. I will update if i identify any setup
Comment: Price has entered the sell zone. Watch for a sell setup to complete
Do you think it will break to new lows (<72) seen for the last time in 2008?
This idea is a week old, but I wanted to ask: Do you still expect the downtrend to break past low levels and descend bellow 74? Thanks trader.
yes, i expect JPY pair to sell off
fxfxfx Fxprotrader
would you recommend to go LONG at a potential @72.5 area expecting a change in the trend?
You should have a great reason to go against the trend. So i believe it would be a good idea. But if you have a long setup based on your analysis you may buy..! Good luck :)
fxfxfx Fxprotrader
I am selling atm. I was asking at what level would you expect a reversal for the next LONG, either short or long term
Another possibility.

I believe you chose you X point wrong, in the middle of a wave.. But let's see, it might work ok. Thank you for sharing..
mustard Fxprotrader
Maybe, taken from my weekly chart.

This is a nice one, good luck
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out