ETHUSD Surges Past $2700 on Strong Institutional Demand, Technicals Show Bullish Crossover Despite Cooling ETF Inflow Momentum 
FxWirePro: EUR/AUD retreat from early gains, eyes another drop 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD pressured by rising treasury yields, risk-off mood 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally 
NZDJPY Plunges Below 90 Amidst Broad New Zealand Dollar Weakness; Resistance at 90.80 Key for Downside Continuation 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CAD extends advance as falling oil prices pressures commodity-linked loonie 
FxWirePro: GBP/USD gains some ground but bulls lack punch 
FxWirePro: GBP/NZD sustains gains as uptrend remains strong 
USD/CHF Bulls Eye 0.8400 Breakout as Broad Dollar Demand Drives 100-Pip Surge 
AUDJPY Tumbles Below 111 on Widespread Australian Dollar Weakness; Key Resistance at 112 Holds Firm 
Fade the Rally: EUR/JPY Short Opportunity Near 180.80 
Add as a preferred source on Google
Congratulations to all our readers on this winning trade..!!!, 82.456 as well as 81.025 are very well achieved.
Before we begin, let's just refer below link for our previous write up on the trend prediction:
Still no strength in this pair, more bearish bearish rout on the table as it breaks important support 81.025 as well.
No signs of recovery RSI and Stochastic leading oscillators.
7DMA crosses below 21DMA again, while MACD shows bearish convergence at zeros on daily and remains below zero on weekly.
A resembling bearish engulfing pattern on weekly signifies serious weakness in this pair.
So, how to arrest these bearish risks:
ATM IVs of AUDJPY of 1M tenors is at around 16.81%.
Sensitivity tool signals more positive change in premiums in OTM strikes scenarios.
Thereby, one can initiate trading or hedging strategy using OTM puts which would be even more cheaper.
On hedging grounds, Put ratio Back Spreads are advocated to arrest these downside risks.
Because, the trend signaling bearish risks especially after breaking major supports at 84.001, 82.685 and now 81.025 levels with encouraging bearish signals by technical indicators also as explained in previous technical write up and those stances likely to prolong, and secondly, the traders tend to view the put ratio back spread as a bear strategy, because it employs puts. However, it is actually a volatility strategy.
Options with a higher IV cost more. This is intuitive due to the higher likelihood of the market 'swinging' in your favour. If IV increases and you are holding an option, this is good. You should also note short-dated options are less sensitive to IV, while long-dated are more sensitive.
As we expect the underlying currency exchange rate of AUDJPY to make a larger move on the downside. As shown in the figure purchase 1M 1 lot of at the money -0.49 delta put, 1 lot of 2M (1%) out of the money -0.37 delta put and sell 1W one lot of (0.5%) In-The-Money put option.
