Short

AUD/JPY Dropping +50 pips

Updated

Reasons and FACTS:
1HR Parabolic SAR indicates a bearish reversal
Fake out on trend line indicated strong sell power
ATR is showing a possible rise in Volume and Volatility because we are at very low Volatility right now and at this level Volatility has shown to rise every time.
AU and UJ showing many bear signs and I'm short on both so it would be logical for AJ to drop as well because Aussie is looking weak and JPY is looking strong.

Enter at own risk

Note

TP1 has been hit !

Trade active

Closed between TP1 and TP2 +35pips.

Reason why:
Price dropped very fast , I'm expecting a small correction before TP2 will be hit and I'm not going to take that risk. I am happy with today's profits

Trade closed: target reached

Note

Note

New entry anticipation 78.905
To form the right shoulder of the Head and shoulders pattern and drop +/- 40 pips

Note

WOW!!!!

Trade closed: target reached

QW-Trading

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