AUDJPY Short
Setup Timeframe: 4H
Execution Timeframe: 1H
Risk: 2.11%
Reward: 5.31%
Reasons for Entry: Break and retest of a strong support zone , should see the pair go down from here.
Reasons for SL Placement: Above the broken support zone , gives room for it to wick above and move around a bit.
Reasons for TP placement: Good RR, honestly price shouldn't see much support until the 82.6 area.
Execution Timeframe: 1H
Risk: 2.11%
Reward: 5.31%
Reasons for Entry: Break and retest of a strong support zone , should see the pair go down from here.
Reasons for SL Placement: Above the broken support zone , gives room for it to wick above and move around a bit.
Reasons for TP placement: Good RR, honestly price shouldn't see much support until the 82.6 area.
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.