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Audjpyshort

Sell Opportunity on AUDJPYAUD - Weak Bearish 1️⃣ The RBA maintained interest rates at 0.10% and continued its asset purchase program of AUD 4 billion a week. 2️⃣ Australian jobs data is expected to weaken in October due to a fall in the manufacturing and services PMI. 3️⃣ The debt crisis of Chinese real estate companies resurfaced after Kaisa Group Holdings Ltd. and its Hong Kong-listed units were suspended from trading. JPY - Strong Bullish 1️⃣ The decline in US Treasury bond yields supports the JPY. 2️⃣ Japanese Prime Minister Fumio Kishida is compiling an economic stimulus package on November 19 to help sentiment on the JPY. ===== Technical ===== The AUDJPY has broken and retested the previous support level. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Short
by MonsunAsia
audjpyAUDJPY - SHORT Why are we entering? - Price broke the ascending trendline = bearish - Expecting further AUD weakness & JPY strength = AUDJPY SHORT What are we waiting for to happen? - price to retrace back to the structure and EMA - Waiting to draw WFB What is our confirmation? - Break of WFB trendline - Rejection of structure - Rejection of EMA Entry Safe Entry: Rejection of structure and EMA and then WFB break Risk Entry 1: Rejection of structure and EMA Once entered, where will our Stoploss be? - above the rejected price Where do we take profits? - First TP: 83 - Second TP: 81
Short
by Elrouby
AUDJPY - SHORTPrice below local POC level. Sell on a false breakout! The target is next POC level. AUDJPY - SHORT ENTRY PRICE - 81.700 SL - 82.100 TP - 80.250 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
AUDJPY - Bearish BiasAUD - Strong Bearish 1️⃣ Negative market sentiment generally weighs on high-beta currencies such as AUD, NZD, and CAD. 2️⃣ AUD is also under pressure amid falling commodity prices such as iron ore, copper, and steel. 3️⃣ Australia’s annual inflation rate fell to 3.0% in the third quarter from 3.8% in the previous period. JPY - Strong Bullish 1️⃣ The decline in the stock market caused investors to turn to safe-haven currencies. ===== Technical ===== We are selling the AUDJPY after it failed to break the resistance level. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Short
by MonsunAsia