Fxprotrader
Short

AUDJPY Waiting For The Next Impulsive Wave Down

FX:AUDJPY   Australian Dollar/Japanese Yen
658 17 33
5 months ago
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
5 months ago
Comment: Price has entered the sell zone. Watch for a sell setup to complete
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araguaney
5 months ago
hello FX protrader. just wanted to show u 2 things 1... the Pitchfork to see what you think of mine in a 4H TF and also a bear set up completing at the key level and also a bit beyond my paralel Bat Pattern
snapshot
snapshot
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Fxprotrader PRO araguaney
5 months ago
In your first chart i hardly see price action.. In the second your bat pattern is just fine..!
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fxfxfx Fxprotrader
5 months ago
good prediction, going short now as in ur chart, what TP level would u suggest?
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Fxprotrader PRO fxfxfx
5 months ago
The level of the arrow on the chart is your primary target, but always keep an eye on the way price is moving towards your profit targets so see any potential changes of behavior
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fxfxfx Fxprotrader
5 months ago
thanks!
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albertos
5 months ago
0.80 target
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mustard
5 months ago
Another possibility.

Potential Bearish Cypher


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Fxprotrader PRO mustard
5 months ago
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..
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mustard Fxprotrader
5 months ago
Maybe, taken from my weekly chart.

Bearish Cypher
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Fxprotrader PRO mustard
4 months ago
This is a nice one, good luck
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fxfxfx
4 months ago
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.
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Fxprotrader PRO fxfxfx
4 months ago
yes, i expect JPY pair to sell off
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fxfxfx Fxprotrader
4 months ago
would you recommend to go LONG at a potential @72.5 area expecting a change in the trend?
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Fxprotrader PRO fxfxfx
4 months ago
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 :)
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fxfxfx Fxprotrader
4 months ago
I am selling atm. I was asking at what level would you expect a reversal for the next LONG, either short or long term
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fxfxfx
3 months ago
Do you think it will break to new lows (<72) seen for the last time in 2008?
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