2018Oct10 AUDJPY H1 Bearish Bat
AUDJPY has been on a downtrend and a bearish bat has been completed. As I am expecting this to continue and with confirmation of the bearish bias, I will short at 80.570. Stop loss is just above X point while the take profit target is at the 61.8 Fibonacci retracement level of AD leg. Trade details are as follows:
Trade Setup: Bearish Bat
Price Entry 80.570
SL 80.725 | SL pips 15.5
TP1 80.068 | TP1 pips 50.2
RRR1 3.24
Trade Setup: Bearish Bat
Price Entry 80.570
SL 80.725 | SL pips 15.5
TP1 80.068 | TP1 pips 50.2
RRR1 3.24
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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.