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Audjpy-short

AUDJPY 520 PIP SHORTAUDJPY SHORT Why are we entering? - Expecting upcoming AUD weakness and JPY strength - Price is approaching trendline & structure level What are we waiting for to happen? - Rejection of the structure level and descending trendline What is our confirmation? - Break of RISK Trendline - Rejection of structure & trendline Entry 84.1 Safe Entry: Rejection of structure, trendline & then a break of WFB trendline Risk Entry: Rejection of structure & trendline Risk Entry 2 : Early break of WFB trendline Once entered, where will our Stoploss be? - above the channel support & structure level 84.4 (30 pips) Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP - previous low & trendline level: 80.4 (370 pips) - Final TP - Lower structure level: 78.9 (520 pips) Be sure to check out my educational ideas below
Short
by Pips-Collector