Roker1
Short

Flag pattern on AUDJPY

FX:AUDJPY   Australian Dollar / Japanese Yen
Hey guys,
just wanted to show you how top down analysis can create day trading opportunities. I fully explained in my previous idea (attached beneath) why i'm expecting price to reach 85,50 level (reversal zone) so i can go with the trend assuming it will stop there.
Here we have a simple pattern formation that usually occurs in trending markets, formed by an impulse leg and then a small period of retracement in a shape of a flag.
You can trade the break and close, or you can wait for a little retracement and then sell at market, in order to have a better risk to reward ratio (that's what i would do).
First target should be put at the most previous lows, second target with my bigger perspective, should be put at 85,50.
Let's see.

If you want to ask questions or share your standpoint, feel free to comment below.
Otherwise, see you in the next chart!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out