Australian Dollar / Japanese Yen
Long
Updated

Long Setup for AUDJPY Almost 1:5 RR

55
False break has already happened on the 4hr with confirmation on 30mins. Check 30mins for a reverse head and shoulder. It’s a buy from 79.7.

I’m jumping in at Tokyo market open. Risk reward is about 1:5

Let us take notes of a couple of things. The daily is starting to form a bearish structure and that is the reason why I have two TP levels. First TP will definitely reach.

If you agree, please give this chart a thumbs up. If not please comment and let us all learn from you.

Thank you and good luck
Trade closed: target reached
TP 2 hit

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.