Short Call on the biases of Dow Theory Series of Lower Highs and Lower lows. Trade Plan Short Call Entry Price : 0.68114 Stop Loss : 0.70321 Target Price 1 : 0.66144 Target Price 2 : 0.64159 ( Lot Size 0.05 as per Capital of USD 10000 1% Risk)
As per Dow Theory this setup seems to form new Lower Low on 4hrs frame. As per daily Chart AUDJPY failing to make new highs since 13 SEP 22. On 20 Dec 22 price fall to make a new Lower low which is the confirmation of trend reversal. Strategy would be Short on strength on Lower time frames Trade Plan Short Call : Entry Price : 91.734 Stop Loss : 93.237 Target...
Series of Lower High and Lower Lows ( Dow Theory) This seems that this instrument will go further down. Trade Plan as follows Short Call Entry Price/Sell Stop : 1.06105 Stop Loss : 1.08084 Target Price1 : 1.04118 Target Price2 : 1.02118 (Lot Size 0.05 on Account Size of 10,000 USD 1% risk)
Trade Plan Long Call Buy Stop : 0.89833 Stop Loss : 0.87887 TP1 : 0.91768 TP2 : 0.93718 Lot Size 0.04 (1% risk on USD10000 Account)
BASIC DOW Theory Series of Lower Highs and Lower Lows Time Frame 1 Hours Trade Plan SHORT CALL Entry Price : 0.92895 Stop Loss : 0.93436 Take Profit1 : 0.92331 Take Profit2 : 0.91815