Charlieab94
Short

AUDJPY Short Trade *DAILY RESISTANCE & TRENDLINE BREAK*

FX:AUDJPY   Australian Dollar / Japanese Yen
Short trade set up with good R:R ratio and it should also provide scale in opportunities when the 4hr trendline is broken.

Entry 1 is on the Friday daily close with a large wick rejection candle.

Entry 2 is on the 1hr lower high and rejection of previous support/resistance zone at 79.200

Targeting previous daily/weekly lows at 77.500 if the 4hr trendline breaks.
Apr 08
Trade active
Apr 11
Comment: Still holding this trade... resistance is holding strong and should see more downside move now.

Gold is dropping in value so this should drag AUD with it
Apr 12
Trade closed: stop reached

Comments

Anything can happen in the next few hours! LOL

+1 Reply
Charlieab94 Captain_Walker
@Captain_Walker, Down it goes
Reply
Pending a huge drop.
+1 Reply
@Amir_A147, Hopefully mate
Reply
I thought it was going to create a double top before reversing @Charlieab94
+1 Reply
@BannaKhan, Thats okay, my SL is above the highs anyway
Reply
BannaKhan Charlieab94
@Charlieab94, Sure thing. good luck anyway.
Reply
It was a very nasty bulltrap or bear-breaker. Very very naughty!
Reply
I managed to escape so far. LOL. Was tracking 4H time frame so stoploss was much higher up.
Reply
They Yen (JPY) is beginning to power-up as the DJI (Wall Street) looks more uncertain. Also AUD has an imperfect inverse correlation with the DJI just like with /JPY. So if the DJI heads significantly south, expect downside on AUDJPY.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out