Australian Dollar / Japanese Yen
Long
Updated

AUDJPY Long - Bounce off Bottom Channel

142
Price has retraced to the bottom of the channel. I am now waiting for a bullish candle to form for AUDJPY on the 1H chart.

Approximates Entries, Targets and Stops.
Enter above: 85.5 or 85.66
T1: 86.07
T2: 86.49
SL: 85.25
Trade active
Entered at 1:00 AM. Engulfing candle on 1H Chart
Entry: 85.5
T1: 85.75
T2: 86.25
SL: 85.25
Note
T1 is 1:1 Risk/Reward and T2 is 1:3 Risk/Reward
Trade closed: stop reached

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.