AUDJPY - SHORT
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further AUD weakness & JPY strength = AUDJPY SHORT
What are we waiting for to happen?
- price to retrace back to the structure and EMA
- Waiting to draw WFB
What is our confirmation?
- Break of WFB trendline
- Rejection of structure
- Rejection of EMA
Entry
Safe Entry: Rejection of structure and EMA and then WFB break
Risk Entry 1: Rejection of structure and EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 83
- Second TP: 81
Why are we entering?
- Price broke the ascending trendline = bearish
- Expecting further AUD weakness & JPY strength = AUDJPY SHORT
What are we waiting for to happen?
- price to retrace back to the structure and EMA
- Waiting to draw WFB
What is our confirmation?
- Break of WFB trendline
- Rejection of structure
- Rejection of EMA
Entry
Safe Entry: Rejection of structure and EMA and then WFB break
Risk Entry 1: Rejection of structure and EMA
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 83
- Second TP: 81
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.
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.