Sell-limit (primary) 93.90 — front-runs the twin highs at 94.00 (May and again last week).
Stop-loss 95.10 — just above the 2024 YTD peak and round-number 95; if price closes above, the breakout is real.
Take-profit 1 91.50 — first daily support shelf; locks ~240 pips (≈ 1.6 R) and is often the first bounce zone.
Take-profit 2 88.50 — November-2023 base / 200-day SMA; full mean-reversion target (~540 pips, ≈ 3.6 R).
Filter to keep order Only leave the order active while the daily candle closes ≥ 93.80 (shows the lid is still respected).
GTC Cancel the order if unfilled after 5 trading days; reassess next week.
Quick rationale
Fundamentals: RBA leaning dovish; JPY could firm on BoJ hawkish hints & intervention risk.
Technical: Double-top near 94; bearish RSI divergence on daily; room down to 91s/88s.
Risk-reward: 120-pip risk vs. 240 / 540-pip reward = 1.6 R and 3.6 R pay-offs.
Place the limit, set the filter alert on daily closes, and let the trade come to you—no need to babysit intraday moves.
Stop-loss 95.10 — just above the 2024 YTD peak and round-number 95; if price closes above, the breakout is real.
Take-profit 1 91.50 — first daily support shelf; locks ~240 pips (≈ 1.6 R) and is often the first bounce zone.
Take-profit 2 88.50 — November-2023 base / 200-day SMA; full mean-reversion target (~540 pips, ≈ 3.6 R).
Filter to keep order Only leave the order active while the daily candle closes ≥ 93.80 (shows the lid is still respected).
GTC Cancel the order if unfilled after 5 trading days; reassess next week.
Quick rationale
Fundamentals: RBA leaning dovish; JPY could firm on BoJ hawkish hints & intervention risk.
Technical: Double-top near 94; bearish RSI divergence on daily; room down to 91s/88s.
Risk-reward: 120-pip risk vs. 240 / 540-pip reward = 1.6 R and 3.6 R pay-offs.
Place the limit, set the filter alert on daily closes, and let the trade come to you—no need to babysit intraday moves.
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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.