16/12/2024 - AUDJPY - Short Trade Plan
Trade Details:
Entry: 98.454
Stop Loss: 98.789
Take Profit 1: 98.110
Final Target: 97.117
Reason for Trade:
Disclaimer: This trade plan is for educational purposes only and not financial advice. Always perform your own analysis and risk management before executing any trades.
Trade Details:
Entry: 98.454
Stop Loss: 98.789
Take Profit 1: 98.110
Final Target: 97.117
Reason for Trade:
- Price is rejecting a strong supply zone and trendline resistance.
- Potential bearish reversal setup is forming after a retest of the resistance zone.
- RSI shows a potential bearish divergence, further supporting the short bias.
Disclaimer: This trade plan is for educational purposes only and not financial advice. Always perform your own analysis and risk management before executing any trades.
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.