After previous trade failed to keep going short, we mentioned that we'd likely get a bullish 1H candle (that at a time was against us).
Well now price is printing a possible quick Long.
Already in.
Another trade after we already banked on this one.
Price printed nice bearish order flow on multiple timeframes to justify an extra short opportunity.
Waiting for pullback.
Hello,Friends!
AUDJPY is bearish right now and I think that market conditions
Are right for the move down
Therefore, I think it is sensible to go short!
Like and subscribe and comment my ideas if you enjoy them!
The price is testing resistance zone at 94.150 and could not break it. I expect the price goes from the support level, because the trend is changing . My goal is support level at 92.750.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDJPY had a really deep pullback to OPTIMAL TRADE ENTRY zone which is between 0.618 and 0.786 of the Fibonacci retracement, it’s at a golden point for sell, soon as Sydney session opens I’ll pick an entry at lower tf , like , follow and also comment below
Thanks
An ab=cd pattern was used to define this significant turning point, upon completion of the PRZ, price has consolidated and done 4 hits to the high, stabilising at the peak of the completion of the pattern.
I use the take profit levels of the pattern and apply aggressive trade management.
*NOTE*
DO NOT MOVE STOP LOSS PREMATURELY, THIS CUTS POTENTIAL WINS.
As I'm currently back testing this concept, I've decided let this concept go out for spin. The 1.618 level was triggered right on the opening of Asian session before heading bearish as the RSI indicated this pair is overbought. This is potentially one of the ideal scenarios you'll want on the RSI readings. Again it's imperative not to treat this as a holy grail...
From the failed Bullish Butterfly pattern, I've realised an undercover bullish ab = cd hiding within the pattern. Looking at the the higher time frame, I see the pair is sticking with the predominate uptrend with some minor corrections along the way. I've started to back test a new strategy that has taken the harmonic approach to a world of unprecedented accuracy...
The bullish butterfly is at present of what may seem to be an end of the bearish siege. A friend of mine spotted a Bullish Butterfly on the 4 hours of this pair, one I actually didn't notice so thanks for this. Long term this pair has been on a heavy uptrend and has been receiving minor price correction. These price correction helps a trader enter back into the...
![AUDJPY: SELL [AUDJPY] 11th Aug 2022](https://s3.tradingview.com/5/5J9zKk6Y_mid.png "SELL [AUDJPY] 11th Aug 2022")
