AUDJPY - Short-term sells
Hi Everyone,
similar idea to the USDJPY, the market is coming back to retest an order block that pushed the market down with high volume. I expect this to bounce off of that level again and I'll be placing a 1:1 Risk to Reward ratio on this pair.
similar idea to the USDJPY, the market is coming back to retest an order block that pushed the market down with high volume. I expect this to bounce off of that level again and I'll be placing a 1:1 Risk to Reward ratio on this pair.
Trade active
It has nearly stopped us out but we're now running in profit.This is a good example for a well positioned Stop Loss - Always slightly ABOVE previous swing high/low. This way, you are safe and can let your trade run and it will only stop you out if the market breaks that level, which then invalidates your idea.
Trade closed: target reached
After nearly hitting our stop loss, this trade has closed in profit and hit our targets!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.