Hi guys,
here on AUDJPY we're sitting on a very important structure level that i think could stop price from getting higher and also provide some nice selling opportunities. In fact, i'm already decided to short it since price action showed us some weaknesses on both 1hr and 4hr chart. Stops would go above the highs, target1 at 1:1 RR at least, target2 to be determined.
Let's see how it plays out.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
here on AUDJPY we're sitting on a very important structure level that i think could stop price from getting higher and also provide some nice selling opportunities. In fact, i'm already decided to short it since price action showed us some weaknesses on both 1hr and 4hr chart. Stops would go above the highs, target1 at 1:1 RR at least, target2 to be determined.
Let's see how it plays out.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: target reached:
Out the first position just few pips above the target1 line. Now stops moved to breakeven.
Trade closed: target reached:
Second target hit!