TAS
Short

AUDJPY on a bearish channel

FX:AUDJPY   Australischer Dollar/Japanischer Yen
64 5 7
Would like to see the channel hold and a new break below the thin dashed line
Will you still hold your SHORTS after the upper line of the channel has broken?
Antworten
TAS fxfxfx
Good Question. I may hold my shorts if the upper line is broken, in this case. If my count is correct we are on wave 5. Each wave has 5 waves, so wave 4 of 5 could break to the upside. I then would look at fibos and wave count to see where it would go. This is if I had entered before. I did enter last month. On this chart you see a thin dashed line that's being the support now but I expect it will break that like do the downside. If it breaks up from this red channel I'll exit.
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I have been following ur charts for this pair since July. Thanks for your reply
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TAS fxfxfx
you are welcome. I'm always glad to help and always learning. So ask stuff anytime you want.
+1 Antworten
TAS TAS
This is what I look for. If 4 comes out of the channel, it only invalidates my count if it goes below wave 1
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