AUDJPY Long - Continuing Break Up or Bounce off Bottom Channel
I am again looking at 2 possible entries here.
If AUDJPY continues following the top of the channel and breaks above the high I will enter.
I will also be watching for AUDJPY to retrace to the bottom of the channel for an entry as well.
Approximates Entries, Targets and Stops.
Enter above: 85.94
T1: 86.38
T2: 86.83
SL: 85.48
If AUDJPY continues following the top of the channel and breaks above the high I will enter.
I will also be watching for AUDJPY to retrace to the bottom of the channel for an entry as well.
Approximates Entries, Targets and Stops.
Enter above: 85.94
T1: 86.38
T2: 86.83
SL: 85.48
Trade active
Entered at 1:00 PMEntry: 85.93
T1: 86.38
T2: 86.83
SL: 85.48
Note
The price did not close below the previous low of 85.486 So I am still in the trade.Trade closed: stop reached
1H close below 85.48 (Closed at 85.25)
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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.