Hello Guys, Hope you all are fine. if you look at AUDJPY and see what's going on that, you'll find a nice pattern under formation. If it breaks down then we may have a sell setup. In case of breaking up our setup will be invalidated.
Trade according your own strategy.
Goodluck
Komen
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Never decide in hurry. Watch it closely & then enter on the right point.
Komen
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Price is still moving inside the pattern. So when it breaks we may have a sell setup!
Komen
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According to this we are going to fall in this move!
Komen
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We got the Breakout!
Komen
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Look what is forming right now!
Komen
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UPDATED- Trade Setup On AUDJPY-
Komen
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Inside trendline broken. Now you need to look at the price action at the bottom trendline.
Komen
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Now we are at the bottom trendline! Give it proper time and watch the breakout!
Komen
YousefM
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Thanks, I am already in the sell on this one. I should have waited for breakout though
WaveExpert
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Yeah you should have. Anyways, Good luck @YousefM,
@YousefM, why so fast ? don't you know the trend always :) trade with care , my friend
YousefM
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@sonarat168, I entered on the MACD reversal on the 4H to get the most of the move. I took the shot on a 3 wave correction. Let's hope it breaks out, my friend. I have tightened my stop :)
sonarat168
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@YousefM, ok good luck :) i am looking for a short IF it is break out