Audjpyshort
AUDJPY Sell 7th Oct 2021 - Previous Gartley now possible Bat.Per chart, still working on this pair on the 4hr as the previous bearish gartley develops into possible bearish bat. Not over yet for the bears here picking up some fresh sell orders. Somehow a textbook .886 X-D retrace potential setup. Funnily enough, if you zoom further in on the 30 min chart you'll see this hangs on a doji .
On the previous Gartley TP1 reached B per link below.
New TP's B,C,A.
SL at point X. Surpassing this then, learn, reflect then off to new waters...
All ideas are mine, I wouldn't follow them. DYOR.
AUDJPY - Bearish BiasAUD - Strong Bearish
1️⃣ Beijing is stepping up measures to reduce steel production due to environmental problems.
2️⃣ Preliminary readings show retail sales in Australia are down 1.7%, after a 2.7% decline in the previous month.
JPY - Strong Bullish
1️⃣ Investors’ concerns about the uncertainty of the economic recovery could support the value of the JPY.
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Technical
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We are selling AUDJPY after it failed to break the resistance level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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SHORT TERM AND TREND BASE TRADE BOTH.lets start from trend base swing trade
on daily time frame trend is sell because no higher break just a pullback (correction wave).
now on daily time frame price is on sell continuation trend line if TL reject the price sell trend will continue..
and for short term traders 60 pips target on chart enjoy//
what you think about this pair? lets talk in comments section..
Stronger bears | AUDJPYFX:AUDJPY
As it can be inferred from the chart, we see SM had just grabbed liquidity this factor was in for of EQHs(BSL) once that happened we saw the accumulation phase, then SM manipulated price at the new BSL once this was done, we got the turtle soup, stop hunt. Presently, we expect the price to return to OB and give more bears.
AUDJPY TREND UPDATEThe idea is still strongly active. Weekly timeframe WAVE 2
With Wave 1 on the daily timeframe completed. A 5 wave internal structure is seen.
A corrective Wave is (ABC) with a 0.5 retracement zone is completed.
The next probable wave is wave 3 the longest and sharpest trend. This trend has a higher probability of being extended to extension zone 2.168. The reason for this bias is on the daily wave 3 is occurring on wave 3 of the weekly timeframe
AUDJPY Scale in SellI'm looking to enter for a sell on a bearish push from level 79.500 towards Major Level 78.000.
Price is expected to fill in the imbalance created previously (Highlighted Yellow)
I would wait for the JPY banks to open tomorrow before entering as it is a bank holiday today.
Happy Trading!