Hi guys,
this is a crucial zone on AUDJPY and i was monitoring this specific price level because we've had multiple structure points on the daily.
Therefore i was looking for a buying opportunity, since the overall trend is bullish. When i went on the hourly chart i noticed a double bottom formation followed by a break of structure to the upside.
This gives me reason to believe we're heading higher, and i entered at market with stops below the lows, and targets as shown.
If you want to ask questions or share ideas, feel free to comment below.
Otherwise, see you in the next chart!
this is a crucial zone on AUDJPY and i was monitoring this specific price level because we've had multiple structure points on the daily.
Therefore i was looking for a buying opportunity, since the overall trend is bullish. When i went on the hourly chart i noticed a double bottom formation followed by a break of structure to the upside.
This gives me reason to believe we're heading higher, and i entered at market with stops below the lows, and targets as shown.
If you want to ask questions or share ideas, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: target reached
First target reached! Stops at breakeven now
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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.