AUDJPY 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
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
Related publications
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.
Related publications
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.