shevectorie
Short

EW#2 Completion with an expanded Flat

FX:AUDJPY   Australian Dollar / Japanese Yen
105 2 4
Bears bearing down again. Targets are the fibs, you choose.
Early entry can be a long candle or a 10 period moving average crossover in 4H Time frame.

The reason I'm entering short despite the return of price in the big trendline:The little diagonal blue trendline to the far right which is a basis for zigzag corrective patterns.

Disclaimer for beginners: Don't think that all long candles or moving average cross overs will get you pips.
Sorry, it's really not that simple guys...

cancelling trade idea. No big red candle just a big green candle..... ;-/ back to the drawing board.

I guarantee NOTHING

Update 7/20/15
Closed my position for a small profit since it's less than 50 pips. This doesn't mean I'm changing my bias.
I am just looking for another wide long red candle as confirmation in the 4H. I feel no rush to trade this one because if big candles show up, the TP is big.
7/21/15
Cancelling trade idea. No big red candle just a big green candle..... ;-/ back to the drawing board.
Come on baby one more big red candle! Please....
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Closed my open position at 38+ @ 91.53 double bottom formed.
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