After last week, we can see that AUDJPY make an ABCD sell harmonic.
So we can open trade as a Short position.
Entry at the last closed price week: 78.755
The Stop Loss should be at the highest point: 78.848
The Take Profit should be at 77.501.
We can set a trailing stop as 50point.
So we can open trade as a Short position.
Entry at the last closed price week: 78.755
The Stop Loss should be at the highest point: 78.848
The Take Profit should be at 77.501.
We can set a trailing stop as 50point.
Trade active
After hit the stop loss , as we seen on the chart that price still follow the plan, so we can re-open the short position as the same TP.Trade closed: stop reached
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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.
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.