Bought os Australian Dollar!!!

17 Sep 2020

I reccomend to not put any short posiiton because AUD is strenghten. Yesterday was the FED interest rate meeting, and AUD was failled, just now we see that manipulation as in the pass mini-class we say you that if we see a buy potential, we need to cancel the short expectative because the price is strenghten. Now, for trader's amateurs it's important to understand it.

Australian Dollar in the H1 timeframe it's in the bearish rising wedge channel, but nos bear the expectative, the expectative is bullish becuase that zone formed is manipulation to liquidated all short posiiton that I show you in the blue arrows.



Now, lookin in the H4 timeframe, we see that the price is leading to the maximum of $78.32 JPY, that is my perfect target proit to find up around of 180 pips.

Also, lets me see and show you a thing.



Remember that in Daily timeframe we are the expectative so bearish because we forming a bearish rising wedge, and then, as Australian Dollar is strenghten, we hope a formation of double top in the up of the so nearly of the resistance line that is part of this bearish chartist pattern.

So, basically I put my buy order limit a distance of 5 pips of the market price, so if you follow and click on the risk/reward you can see it.

Remember, nos entry in short position, just closed up and beware if you put any short posiiton, that is a highly manipulation!!!

Good luck with your analysis

Also, I invite you to click below my latest analysis of weekly timeframe about the AUD/JPY!!!