AUD/JPY H4 | Falling to 61.8% pullback support
Updated
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 97.304 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 97.124 which is a level that aligns with the 78.6% Fibonacci retracement level.
Take profit 1 is at 97.714 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28
Take profit 2 is at 98.129 which is a pullback resistance that aligns close to the 0% Fibonacci retracement level. Risk/Reward Ratio: 1 : 4.58
Total risk 1.14%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Buy entry is at 97.304 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 97.124 which is a level that aligns with the 78.6% Fibonacci retracement level.
Take profit 1 is at 97.714 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28
Take profit 2 is at 98.129 which is a pullback resistance that aligns close to the 0% Fibonacci retracement level. Risk/Reward Ratio: 1 : 4.58
Total risk 1.14%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Trade active
Buy entry reached at 97.304. Trade opened LOT: 0.08Note
Take Profit 1 reached. Stop Loss moved to Buy Entry at 97.304. Lifetime Win Ratio for this account now at 62.07%.Trade closed: target reached
Take Profit 2 reached. Lifetime Win Ratio for this account now at 61.29%.
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