AUDJPY (H4): Great SHORT OPPORTUNITY on this Retracement
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The AUDJPY is giving us a great short opportunity! Before to continue reading the full description and details, I highly suggest you to have a quick look on my previous AUDJPY Daily Technical Analysis to understand the reasons I think the market is going to get a short retracement.
You could check it out clicking the link below:
Let's focus on the area that interests us:
The price is actually following a strong ascending channel and it reached an important weekly resistance area.
If you can see a proper rejection by that zone, you might consider the following trade details:
ENTRY POINT: 80.098
TAKE PROFIT: 78.872
STOP LOSS: 80.795
RISK/REWARD RATIO: 1.70
Trade Safe and Responsibly
Gianni
The AUDJPY is giving us a great short opportunity! Before to continue reading the full description and details, I highly suggest you to have a quick look on my previous AUDJPY Daily Technical Analysis to understand the reasons I think the market is going to get a short retracement.
You could check it out clicking the link below:
Let's focus on the area that interests us:
The price is actually following a strong ascending channel and it reached an important weekly resistance area.
If you can see a proper rejection by that zone, you might consider the following trade details:
ENTRY POINT: 80.098
TAKE PROFIT: 78.872
STOP LOSS: 80.795
RISK/REWARD RATIO: 1.70
Trade Safe and Responsibly
Gianni
