Small pullback on 1H, bearish breakout can come through the zone (81.1-82.2). The SL will be at 81.5 approximately depending on risk
AUDJPY is still consolidating , I did get into a countertrend trade for some short term bounce.
Trend following is not easy because: 1. Finding trends requires a high level of attention to detail. 2. Removing disbelief as an emotional response. 3. Having lots of patience. I explain a few difficulties I've encountered.
Bear flag breakdown indicates scope for a drop below $80.00. the bearish breakdown is bad news for risky assets.
Explanation via Video Apologies on some ramblings, hopefully the message is clear :) Cheers
Bearish trend continuation signal. I had been waiting on some sort of retrace to the .236-.50 fib level of the previous move. Price retraced up to the .236 which is also a Quarter Point and a previous level of structure. We recently made another Lower Low on the H4 chart and printed a bearish engulfing candle after atleast a 2 candle pullback. The 9EMA is still...
Currency Pair: AUD.JPY Time Frame: Daily, 4hr & 1hr Predicted Direction: Short Live AUD.JPY updates will be available in the comments section below
In this video we may see a bearish flag pattern and two options on how to trade it. The corrective structurehas reached the sliding parallel of a median line set which has previously acted as resistance. Feel free to like, comment and share your thoughts. Trade with care, John