AUDJPY Short
Updated
I was looking into a good retracement on the last daily pullback. I think we now got it if we look at minor timeframes (double tops, bottom trend line breakout).
By the way, I'm short AUD on almost every pairs.
Entry: market (86.90)
Stop: 87.7 (abore previous high)
Breakeven: when price breakout from the bottom trend line of the current corrective structure
Target #1: 82.7
Target #2: 81.6
By the way, I'm short AUD on almost every pairs.
Entry: market (86.90)
Stop: 87.7 (abore previous high)
Breakeven: when price breakout from the bottom trend line of the current corrective structure
Target #1: 82.7
Target #2: 81.6
Trade active
-Pin bar on the 5 min timeframe-double top
-up then reversal following china data
-ABC correction over
-channel bottom breakout
All this indicates an almost perfect sell entry signal.
This makes me even rethink my stop loss --> I might move it down to 87.1 for an even greater R/R.
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