Long AUDJPY on retest of the median line

Technical setup for good R:R trade. I'm long at 81.4

Trade active

Well got the re-test, and another entry opportunity at 81.4. Would like to see it clear up through 82 in the next few hourly bars ideally.

Trade is active, will update here.

Trade active

Trade remains valid. Warning line has been set. Ideally would like to see price zoom the centre median line. Suspect it might ride the line for a while though. As long as price is contained above the warning line trade remains valid. Will update

Note

Trade active

Price trying to break above centre median line. I have updated SL and TP on this trade. SL is now at break even (81.45) and TP has moved along the upper median line (84.75). I will be looking to lock in profit if Price moves above the centre median line and gives an opportunity to move the SL to a profit stop. Will update

Note

Trade active

Profit stop moved up to 81.85. Next challenge will be to take out recent high at 82.5

Note

Trade active

Profit stop moved up to 82.3. Target moved along upper median line now at 84.825. Will update

Note

Trade active

Profit Target moved to final price of 85. Profit stop has moved up locking in ~170 pips. Will update

Note

Trade closed manually

Trade closed with profit of 256.8 pips. Expect price to drift lower fro here.

Note

TopShotZero

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.

TopShotZero