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Audjpy-short

AUDJPY 520 PIP SHORTAUDJPY SHORT Why are we entering? - Expecting upcoming AUD weakness and JPY strength - Price is approaching trendline & structure level What are we waiting for to happen? - Rejection of the structure level and descending trendline What is our confirmation? - Break of RISK Trendline - Rejection of structure & trendline Entry 84.1 Safe Entry: Rejection of structure, trendline & then a break of WFB trendline Risk Entry: Rejection of structure & trendline Risk Entry 2 : Early break of WFB trendline Once entered, where will our Stoploss be? - above the channel support & structure level 84.4 (30 pips) Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP - previous low & trendline level: 80.4 (370 pips) - Final TP - Lower structure level: 78.9 (520 pips) Be sure to check out my educational ideas below
Short
by Pips-Collector
Looking for bearish continuation AUDJPY (13 Dec, 2021)No one would argue that this pair has been bearish since Nov. this year. But for the past 10 days, it has been correcting within a channel structure. On close study of price action, I feel that it may be ready to breakout of the channel and resume the down trend. If this correction continues and took price up to the resistance at 82.38, that would be excellent. That would be an ideal location to take a short down to the supports located at 80.33 and 78.90. In case that does not happen, I would still be interested to take a short trade and look for an opportunity to pull the trigger. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista