(J) Trade 3 : Speculating on a Rebound of Support #forex
Update : Target reached without triggering entry.. Trade Cancelled.
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Trade 3: Pending Long AUDJPY @ 94.65
S.L @ 93.95
T1 95.60
T2 96.75
For 29,400 Balance, and 2% risk per trade=$588, Position size = 1 lot ( 0.5+0.5)
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Reasoning:
Wish me luck and best of luck for everyone.
Don't forget to click the Thumbs Up
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
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Trade 3: Pending Long AUDJPY @ 94.65
S.L @ 93.95
T1 95.60
T2 96.75
For 29,400 Balance, and 2% risk per trade=$588, Position size = 1 lot ( 0.5+0.5)
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Reasoning:
- Short term up trend , higher highs and higher lows is still intact as the latest swing low at 94.57 is holding so far.
- That low coincides with 38.2 retracement level for the latest bullish wave
- 50-days SMA is forming another potential support
- We have see two pin bars today and the day before.
Wish me luck and best of luck for everyone.
Don't forget to click the Thumbs Up
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
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