AUDJPY Bearish Momentum > Sell !
Welcome Traders and Investors to a new idea + opportunity. I’ll be sharing with you how I plan to anticipate the price of this asset to potentially perform this trading week as a result of testing key details and preparation. I hope you guys find value and a perspective from this viewpoint, and if you agree with this idea > please smash that boost button and follow me. I would deeply appreciate it 💛
- First of all, the process of identifying, figuring out, and executing this high-probability Sell opportunity began when this Bearish Candle at the 19th-hour mark on the chart had presented itself possessing these four specific principles that I believe could enhance its own effectiveness and capacity within itself to prevent the price of AUDJPY from hitting a particular stop loss level while influencing the price of AUDJPY to fall toward a specific take profit target, potentially.
(These are the four specific principles present on my chart below)👇🏾
1st Principle = The (Red Ma) is currently above this Bearish Candle, and the (Blue Ema) ☑️
2nd Principle = This Bearish Candle has and will remain to have a flat top ☑️
3rd Principle = This entire Bearish Candle is fully below the Ichimoku Cloud ☑️
4th and final Principle = The previous wick of this Bearish Candle is 61 pips away from the bottom bearish candle, which is greater than 18 pips = automatically making it a greater previous wick, knowing from my experience that the greater the previous wick =, the more effective, powerful, and profitable this Bearish Candle could become within itself.
(My Personal Calculated Prediction) - January 15, 2024, Tuesday
- Since this Bearish Candle possesses the four specific principles needed > I expect the price of AUDJPY to remain below $96.938, which is currently set at 5.5 pips above the bottom of this bearish candle at the time of this idea, while it effectively influences the price of AUDJPY to fall 87.2 pips below the bottom bearish candle in a 1-2 day time period.
(Chart View 🌅)
(Buomkuoth’s Sell Position off this Bearish Candle revealed) - 1.15.2024
My Entry Price was $96.804/ trade has been executed
The price of my take profit is set at $96.011(79.3 pips)
The price of my stop loss is set at $97.003 (20.1 pips)
— My risk management rules are in place within this position (2-4% risk per trade)
— Always apply proper risk management to your trading plan/strategy> Protecting and growing YOUR ACCOUNT is the key to success
Bk) Buomkuoth Nhial Reath 💎
Our Father who art in heaven, hallow be thy name, thy kingdom come, thy will be done on earth as it is in heaven. Give us this day our daily bread and forgive us for our trespasses as we forgive those who trespass against us. Lead us not into temptation but deliver us from the evil one. Amen
- First of all, the process of identifying, figuring out, and executing this high-probability Sell opportunity began when this Bearish Candle at the 19th-hour mark on the chart had presented itself possessing these four specific principles that I believe could enhance its own effectiveness and capacity within itself to prevent the price of AUDJPY from hitting a particular stop loss level while influencing the price of AUDJPY to fall toward a specific take profit target, potentially.
(These are the four specific principles present on my chart below)👇🏾
1st Principle = The (Red Ma) is currently above this Bearish Candle, and the (Blue Ema) ☑️
2nd Principle = This Bearish Candle has and will remain to have a flat top ☑️
3rd Principle = This entire Bearish Candle is fully below the Ichimoku Cloud ☑️
4th and final Principle = The previous wick of this Bearish Candle is 61 pips away from the bottom bearish candle, which is greater than 18 pips = automatically making it a greater previous wick, knowing from my experience that the greater the previous wick =, the more effective, powerful, and profitable this Bearish Candle could become within itself.
(My Personal Calculated Prediction) - January 15, 2024, Tuesday
- Since this Bearish Candle possesses the four specific principles needed > I expect the price of AUDJPY to remain below $96.938, which is currently set at 5.5 pips above the bottom of this bearish candle at the time of this idea, while it effectively influences the price of AUDJPY to fall 87.2 pips below the bottom bearish candle in a 1-2 day time period.
(Chart View 🌅)
(Buomkuoth’s Sell Position off this Bearish Candle revealed) - 1.15.2024
My Entry Price was $96.804/ trade has been executed
The price of my take profit is set at $96.011(79.3 pips)
The price of my stop loss is set at $97.003 (20.1 pips)
— My risk management rules are in place within this position (2-4% risk per trade)
— Always apply proper risk management to your trading plan/strategy> Protecting and growing YOUR ACCOUNT is the key to success
Bk) Buomkuoth Nhial Reath 💎
Our Father who art in heaven, hallow be thy name, thy kingdom come, thy will be done on earth as it is in heaven. Give us this day our daily bread and forgive us for our trespasses as we forgive those who trespass against us. Lead us not into temptation but deliver us from the evil one. Amen
Trade closed manually:
I felt uneasy about this sell position off this Bearish Candle, especially because of the current condition of the market that I'm not familiar with just yet / Moving forward I'll be preparing for a Buy Opportunity once presented
Trade active:
SELL AUDJPY! More details on this Sell idea coming