AUDJPY Short
Setup Timeframe: 4H
Execution Timeframe: 1H
Risk: 2.83%
Reward: 8.06%
Reasons for Entry: Showing rejection of a monthly broken support zone, which is also in the 50%-61.8% fib level zone.
Reasons for SL Placement: Enough space above the 61.8% level and the broken support
Reasons for TP Placement: Has a good RR, and down at a level that has once provided some support.
Execution Timeframe: 1H
Risk: 2.83%
Reward: 8.06%
Reasons for Entry: Showing rejection of a monthly broken support zone, which is also in the 50%-61.8% fib level zone.
Reasons for SL Placement: Enough space above the 61.8% level and the broken support
Reasons for TP Placement: Has a good RR, and down at a level that has once provided some support.
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