AUDJPY - POTENTIAL SHORT SET UP

Actualizado
Yen/Jpy pairs have been bullyish this past week, expecting it to continue

before we may start seeing selling pressure, if price hits 61.8 fib retracement,

Higher time frame signalling a potential downside channel

This is just a trade idea!!

All about patience and seeing how price plays out.

Potential 200-300 pip move to the downside

#JugFX
Operación activa
Price has already started it's bearish momentum

Evening star has been formed on DAILY

with a shooting star formed on Weekly

Could see price head down to the 0.236 fib retracement level and possibly lower down to the 79 area

Just what I see - a potential idea
Nota
Price has spiked on respected target of 61.8 fib retracement. Could potentially see some bearish momentum on AJ as evening star has been formed on the daily

Remember - No confirmaton, No trade

#JugFX
Operación activa
aj sells is now active - I did say once price hits the 61.8 fib retracemet, we could potential see some bearish action!
master the charts and the rewards will follow!!

#JugFX
Nota
I also did mention, the bullyish momentum which happened could potentially continue with the yen pairs which it did. But this was just a fake out

trade carefully - I must remind myself this everyday

#JugFX
Nota
180+ Pips if you had caught the sell from the 61.8 fib retracement!!

Move Up SL and let price play out

#JugFX
Operación activa
Looking at Long term sells on AJ, as we can see a strong bearish engulfing candle on the weekly,

expect some retest, retracements etc

#JugFX
Operación cerrada: objetivo alcanzado
Should've taken profits with AJ - will be keeping my eye on this pair

Price has started to make it's move to the upside

#JugFX
FibonacciSupport and ResistanceTrend Lines

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