Here's our new setup in the AUDJPY with a potential SHORT opp
Hi guys on the previous setup we got here, prior from the news we got from the AUD Monetary Policy Meeting, it did invalidate our previous setup. So here we go again an opportunity to short market with extended target as price is inside our Cypher C PRZ.
Take note that price breaking and closing above our red line @ 87.30 (psychological number) will invalidate our potential bullish setup. Ill be expecting a trade on a wick if the market will respect the bear bat pattern.
There are two ways to trade short here, either wait for a BO to the downside or having a pending sell stop. And second is on a bearish Bat pattern completion an opportunity to go SHORT.
We could go short and having an extended TP on another potential bullish pattern which is cypher for us to go LONG depending on future market price action/market sentiment.
Bear Bat Pattern @ 87.32. Stops above X point of its structure.
TP1: 86.93
TP2: 86.68
with extended TP on a potential bullish Cypher pattern (initial) formation or could be a potential Shark.
Again, trade with care. ENJOY!
Take note that price breaking and closing above our red line @ 87.30 (psychological number) will invalidate our potential bullish setup. Ill be expecting a trade on a wick if the market will respect the bear bat pattern.
There are two ways to trade short here, either wait for a BO to the downside or having a pending sell stop. And second is on a bearish Bat pattern completion an opportunity to go SHORT.
We could go short and having an extended TP on another potential bullish pattern which is cypher for us to go LONG depending on future market price action/market sentiment.
Bear Bat Pattern @ 87.32. Stops above X point of its structure.
TP1: 86.93
TP2: 86.68
with extended TP on a potential bullish Cypher pattern (initial) formation or could be a potential Shark.
Again, trade with care. ENJOY!
Transaction en cours:
Pending Sell limit got filled with 2 pips allowance due to its bid/ask price.
Trade fermée: cible de profit atteinte:
TP 1 and TP 2 was attained already if you have taken the bear setup. Nice trade.
