Forex Day Trading Idea - 1 Oct 2020 - AUDJPY SELL 👇 ?

Hey guys, how are you? Vladimir here from Traders Academy Club. This video is a day trading idea and market analysis, and today we are on 1st of October 2020. First of all, happy months, new months, new energies for everybody. I hope you are well and safe. Due to all the, again, unfortunately changing conditions we, we see around the world. And today I want to cover the Aussie yen, which I find interesting. You can also find this pair analyzed in my TradingView channel, and the idea of this pair from my point of view is bearish. So first of all, Why? Technically speaking, we had a massive rally. Every leg slows down. You can see the angle, right? Very fast, slower angle, much slower angle. Massive bearish divergence on the MACD, very strong first drop down. And technically speaking, the market should find a way to develop a second corrective wave. Now, in, in most of the times we would face ABCD correction. In rare cases we would face some ranges, but this or other way around, such analysis from the daily time frame brings in a strong bearish view. Now we got a pullback after the first initial drop, got a pullback, and now we are facing strong resistance and a massive trend line. Now, uh, while we, uh, watch that, here are a few other things we need to pay attention to. First of all, the round number 76. Then we also face the dynamic 200 moving average, which has its own bearish slope. In a bullish slope, as you can see, it has a pretty strong supportive area for us. In a bearish slope This would be used— this and the zone of deviation, a little bit zone of deviation— would, uh, um, be useful as a dynamic resistance zone. 4-hour chart slowing down the momentum. 1-hour chart, we already saw that has a strong resistance. Also the 4-hour chart. And also we create a bearish divergence here. This divergence could be found, uh, the— on the MACD, on the RSI as well. For those of you who have the FX Delta of Jordan Projects, also you can see here 4-hour chart, very strong bearish delta. We are in a massive Fibonacci zone from the previous drop down. The quality of the movement is the highest quality, so I believe that This zone, as we just saw, is a great zone to look for bearish evidences and for possible— oops, sorry— and for possible pullbacks of the market. Let me know what do you think about this pair, how do you see that, and what would be your expectations. Drop your feedback, the comment about this pair, about this opportunity, below in the comment section. And I would also would like to remind to remind you that inside the blog, in the section of the free ebooks which you can find here under Forex Education, you can find many great books here available for you. They are completely free for download, very informative, and provide you great value. On the subjects. Of course, there are different subjects here, so choose the ones, uh, that you feel, uh, more interested in. It's available for you in the blog completely free. So that's all for, uh, today. Basically, AUD/JPY is the one I wanted to share with you. Once again, let me know what do you think about it, how do you see the AUD/JPY. And that's all. Thanks for your time. Watching this video. I wish you a fantastic day, and I invite you to follow us in the Traders Academy Club for more opportunities, setups, and trading ideas. All the best, see you soon.