Here is another SELL opportunity on AUDJPY, targeting the recent lows and support. 4 HR chart now hitting the 0.618 fib retracement, broke down the short term support trend line, and retested the resistance area.
Price hit my first target @ 85.00 for 2% profit, still looking for 84.00 as the main target for 4.86%
评论
Trader_Dale
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Thanks for your great analysis!
Here is my view on AUD/JPY if you are interested:
Strong selling activity from 87.50 shows that strong sellers are present and that the long uptrend is now over. The market will be probably in wider rotation now and I will go short from 86.61 because this place was the beginning of the sell-off that started 2016-12-15.
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
jojofang0901
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@Trader_Dale, Thank you so much for sharing your analysis.
Trader_Dale
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@jojofang0901, You are welcome ... i will be continue! Stay green
JasonDelshad
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Do you recommend using a trailing stop?
jojofang0901
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@JasonDelshad, I would move my stop loss to break even, but not a trail stop as I want to give "room" for the market to move.
Here is my view on AUD/JPY if you are interested:
Strong selling activity from 87.50 shows that strong sellers are present and that the long uptrend is now over. The market will be probably in wider rotation now and I will go short from 86.61 because this place was the beginning of the sell-off that started 2016-12-15.
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale