AUDJPY Long - 21 April 2017
Updated
Background:
- Bullish reversal candle off 200MA support with bullish divergence
Entry:
- Buy stop 20pips above bullish reversal candle high @ 82.7
SL:
- Set below the entry candle low
PT:
- Next potential resistance area near 50MA resistance
- Bullish reversal candle off 200MA support with bullish divergence
Entry:
- Buy stop 20pips above bullish reversal candle high @ 82.7
SL:
- Set below the entry candle low
PT:
- Next potential resistance area near 50MA resistance
Trade active
Updates - 1 May 2017:- After closing my AUDNZD long moments ago, i am thinking to close this trade as well given the upcoming AUD rate announcement.
- However, since i am stil in breakeven point and over-trading risk eliminated (closing my AUDNZD long trade), i would now move my SL to bottom of swing low @ 82.60 and stay on to this trade.
- To pay attention for a 2nd bearish reversal candle at 83.6 region.
Trade active
Updates - 7 May 2017:- Price started off bullishly for the week, experience some pull backs and now ended with a bullish reversal candle
- With this i will move my SL to be below of the 5 May bullish candle low and move my PT to the next resistance area @ 86.8
Trade active
Updates - 10 May 2017:- Price continues to show bullish sign with long wick at the bottom for the pass 2 trading days.
- Would pay attention at the upcoming 50MA resistance. If a 2nd bearish signal occurs at that area, i might consider exiting this trade
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