AUDJPY - Possible Opportunity?
When people decide to learn how to trade, it’s usually because they have been fed this idea that trading will be the answer to all their financial troubles. Yet for me personally, that idea couldn't be further from the truth. Now I am not saying that trading cannot give you a better life or offer you more time to do the things you love, but rather that troubles, be it financial, personal, or even relational are an inevitable part of life and no amount of money can dispute that. The moment you are able to accept this reality, the easier your journey will become. Too many people look to trading as the answer to their troubles, yet if you, not careful trading can very easily contribute to your existing challenges.
So for those of you looking to take trading up as a profession, remember, it’s not going to solve all of your problems, in the early parts of your journey you may experience levels of frustration that you never knew you could feel. You will be faced with decisions that may even drive you insane, "should I buy or should I sell? Maybe I should stay out; but what if I'm right? HAAAAAAAAA" But if you continue to commit, if you continue to persevere, the journey will get easier. You will feel happier, you will learn to accept that you don't have to have all the answers and that you don't have to be right to be successful. You just have to endure, persevere, and commit, and that will help you live a better, happier, and more fulfilled life.
With all that being said over here we are looking at the AUDJPY for a potential short. As with many things in trading, there is no certainty, only probability, and based on my trading system I find that there is tremendous opportunity to short the AUDJPY. The reasons are as follows:
1. Price is on a key Area of Value (AOV)
2. Potential 2nd touch at the top of the daily ascending channel.
3. Intra-day triple top.
4. 1H ascending channel.
These are the 4 key reasons that shaped my bias for this pair. However, I would like to ask that you share your thoughts, and please feel free to ask as many questions.
For more information check out: wealthtip.co.za/
So for those of you looking to take trading up as a profession, remember, it’s not going to solve all of your problems, in the early parts of your journey you may experience levels of frustration that you never knew you could feel. You will be faced with decisions that may even drive you insane, "should I buy or should I sell? Maybe I should stay out; but what if I'm right? HAAAAAAAAA" But if you continue to commit, if you continue to persevere, the journey will get easier. You will feel happier, you will learn to accept that you don't have to have all the answers and that you don't have to be right to be successful. You just have to endure, persevere, and commit, and that will help you live a better, happier, and more fulfilled life.
With all that being said over here we are looking at the AUDJPY for a potential short. As with many things in trading, there is no certainty, only probability, and based on my trading system I find that there is tremendous opportunity to short the AUDJPY. The reasons are as follows:
1. Price is on a key Area of Value (AOV)
2. Potential 2nd touch at the top of the daily ascending channel.
3. Intra-day triple top.
4. 1H ascending channel.
These are the 4 key reasons that shaped my bias for this pair. However, I would like to ask that you share your thoughts, and please feel free to ask as many questions.
For more information check out: wealthtip.co.za/
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