Prepare for a good short opportunity now on AJ, make sure to stay current with fundamentals and other things that contribute to AUD and JPY volatility. use proper risk management.
Trade safe, be responsible, and know that this is a high risk set up and i don't really recommend it but YEHAW to all my fellow cowboys out there.
I took some shorts where it peaked, I'm thinking it will tap my poi area at 146 but this bad boy has more liquid beneath it than any pair I have seen in a while. I'm expecting a big ensuing downtrend very soon.
Keep an eye on these areas for reactions to offer possible trade set ups.
Lets watch got btc to hit that key zone near the 50% retrace
Simple fib measurements in confluence with POI's. Let's see how it plays out.
I have been stalking the beast for months, waiting for it to mitigate whatever position it takes to get her to take a trip down south. I'm looking for a break of structure to the top side, liquidity, for the most part, has been swept so I would assume this will be a fast move. Above we have some improper price action (gray) and some points of interest marked in...
I'm personally running a few positions with open TP in case BTC wants to go wild as it may do. Trade safe fam!
Please trade responsibly and use proper risk management, understand that CFD's carry more risk and are affected by fundamentals greater than fiats in most cases.
If this holds true we are in for a very nice short. Perhaps the market is telling us bad Brexit before the news?
Let's see how she plays out, risky but my entry allows for stop out at BE at this point,
Fundamentals will play a big roll in this pair next week so there really isn't any way of know, this breakdown is just for speculation and fun. Cheers everyone!
Here is the final stretch of a cluster of wave sequences, all have been complete and the ratios on this are not looking too shabby.
To be honest folks, I think EJ might blow the lid off this market. I don't even know where it will stop if this holds true.
For whatever reason my EU wave game is strong! Let's see how it pans out folks!
GJ is one of my favorite pairs, I just wanted to share another situational breakdown of this pair, remember its all dependant on Brexit news and trade with caution, I am not a financial advisor.