After breaking out from the channel, AUDJPY is drifting and if it manages to go under the blue zone and make a retest we can make an entry.
Targets would be around 66.120 and 65.360, giving us between 4 and 5:1 R/R considering the stop loss above the last move, around 69.100.
A plus is the JPY being a strong currency during these risky times, that can help this trade development.
Targets would be around 66.120 and 65.360, giving us between 4 and 5:1 R/R considering the stop loss above the last move, around 69.100.
A plus is the JPY being a strong currency during these risky times, that can help this trade development.
Note
Put stops below entry point.
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.
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.