AUDJPY - Short
Motives:
- Blue group of EMA's well spread and pointing down;
- Formation of a bearish pennant pattern;
- Inside bar (within the bearish pennant) - trade only in the direction of the trend
Entry @ 79.24
SL @ 81.25
Full target of pennant pattern ~ 72.50 or key round 72 level.
Trade management: box in units of risk-to-reward ratio.
Lets see what happens!
Happy trading!
- Blue group of EMA's well spread and pointing down;
- Formation of a bearish pennant pattern;
- Inside bar (within the bearish pennant) - trade only in the direction of the trend
Entry @ 79.24
SL @ 81.25
Full target of pennant pattern ~ 72.50 or key round 72 level.
Trade management: box in units of risk-to-reward ratio.
Lets see what happens!
Happy trading!
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