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Video / 14 June 2016 at 6:36 GMT

Why I’m trading AUDJPY: Coleman

Ian Coleman - First 4 Trading
Ian Coleman, of First4Trading.net, is looking to sell AUDJPY.

He explains his technical analysis of monthly, weekly and daily charts. 

He is planning to sell AUDJPY at 0.7915 with a stop at 0.7975. His intraday target is 0.7787 and his medium-term target is 0.7465.

1y
Vakas Vakas
The price has already touched your profit target without going to your sell entry
price
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
then we stand aside
1y
Raj-900 Raj-900
Hi Ian,
If it touches 79.15 can we buy today, since it reached almost your target and wait for the target once again? What is the time duration for this trade roughly?
1y
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
Morning Raj. 7910-15 is very strong resistance. We are still looking to sell that area on a pullback
1y
Raj-900 Raj-900
Thanks Ian
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