AUDJPY SHORT OPORTUNITY!
AUDJPY have now reached support of a 2 week uptrend! However the overall trend is downward on the daily timeframe and the pair has formed a double top formation close to the overall resistance level! We will now look for short opornunities if the pair breaks through the 2 week support and rejects upward momentum! We will look to enter at 74.020 with the tp of last week low of 73.0. SL will be placed 50 pips above entry point at the current head of the double top at 74.50.
Risk Reward 2:1
Entry: 74.020
SL: 74.5 ( 48 PIPS)
TP: 73.0 (102 PIPS)
What do you all think! :D
Risk Reward 2:1
Entry: 74.020
SL: 74.5 ( 48 PIPS)
TP: 73.0 (102 PIPS)
What do you all think! :D
Note
The pair is now trying to push thorugh the 2 week long support. Please wait for confirmation that it respects it before entering anything!Trade active
Active in trade in profits at the moment!
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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.