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Audjpysell

AUDJPY Analysis 1h 19/6/2022 Benn a while thought I would share a trade that I think has a high probability of playing out, there are several reasons for this and of course it could all change on Mondays open. Looking for a short to recover this clean move here, not targetting the full move but you could easily leave 20% of the trade to run just in case it takes the full thing out (if the trade plays in my direction it will take out the full move) but I'm not looking to get into choppy price action, I'm hoping this is a volatile push down catch my profit and I'm out. 2 things that could happen, my entry is hit perfectly and price starts dropping which is the best-case scenario or the price comes up to make another lower high wait for that to happen and get in on the way back down. Price has made a double top pattern, i don't put much trust into these patterns but for me it makes a lot of sense that we don't go much higher than my orange line, i am totally fine having multiple attempts at this trade because when it goes it should be a 9R position so taking 2 entries makes sense. Monday will tell exactly what's going to happen but based on price action this is what i see.
by ryanc49
Audjpy short?The Aussie-Yen has once again approached an ancient resistance level from the Monthly timeframe spanning several years. As expected a move above the resistance it to stop out FOMO-ing sellers took place (though on much less momentum than should be), as we are having some slight doubts about this trade I have painstakingly selected the safest entry for you guys....if a minor head & shoulders occurs with a break out of its neckline as shown, we should have the downside momentum we so much desire to take us to Tp1 and possibly Tp2. This was for you guys, thanks for your likes, Sub's and constructive criticisms.... Keep winning!. Remember, if this was remotely useful to you don't forget that thumbs up button, drop a quick Sub and your professional constructive criticisms...we are all growing and we need each others advice and encouragement.
Short
by LexyenHille
1