AUDJPY - Trend Continuation opportunity @ previous structure
The overall trend of this pair is very bearish. We recently have put in a high put did not violate previous structure.
Last Friday we broke the structure around 84.0 and are now retracing back into it, a nice opportunity to join the trend.
Stops above 85.25 should be sufficient, and the downside potential is pretty big. When looking just for a retracement into previous lows we have almost a 3:1 RR ratio.
Thanks for clicking that "Thumbs up" button if you like the idea and follow me if you would like to receive updates and new ideas.
Good luck !
Last Friday we broke the structure around 84.0 and are now retracing back into it, a nice opportunity to join the trend.
Stops above 85.25 should be sufficient, and the downside potential is pretty big. When looking just for a retracement into previous lows we have almost a 3:1 RR ratio.
Thanks for clicking that "Thumbs up" button if you like the idea and follow me if you would like to receive updates and new ideas.
Good luck !
Order cancelled
Due to a strong Yen the trade was never triggered and orders have been cancelled. Looking for the next One Good Trade.
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Twitter: twitter.com/NicoMuselle
Check out my FREE indicator scripts:
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
► tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
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