Goin' short on AUDJPY

FX:AUDJPY   澳元/日元
Hi guys,

i've been looking at this pair for a long time now. First, i've missed an opportunity to go long at the 82.00 level. Then, i saw price climbing up toward what would've been our potential target for a big pattern that was completed on the higher timeframe, namely the daily tf. Now, price has touched the 38.2 level of the bigger leg and has shown some signs of weakness. You can see price has gone two times in overbought conditions, and you can also see there's a major structural level looking left, that makes this case safer. Also, price has shown some rejection sign in the form of an engulfing candle on this timeframe.
I'm waiting for a little retracement in order to short it, stops above highs and targets as shown.

If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
交易结束:到达目标: First target hit!
交易结束:到达目标: Second target hit
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano:
Ultimo video:

If you agree, like this chart! Thanks
My last (english) videoanalysis here:
+1 回复
Roker1 MarcoGE
@MarcoGE, thanks!
good one
+1 回复
Roker1 Frannel_Franco
@Frannel_Franco, thanks
Will you only short it if there is a retracement?
+1 回复
Roker1 johnthegreat1233
@johnthegreat1233, yes, otherwise RR ratio wouldn't be much interesting, but if u aim to different targets you could consider that
Yes , Like It ! Thanks for sharing Roker .
+1 回复
Roker1 Sharecrazy
@Sharecrazy, welcome!
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