jerrin98

AUD/JPY - Potential BUY

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
Price is still in an uptrend
Price Touched the lower trendline
At 15mins chart price created double bottom with long wick rejection
2nd candle taking out first candle
Price crossing 15mins EMA and finding support at previous resistance level
Price at support level which was previous resistance level

Trade closed manually: closed this trade after 4hr double top, possible sign off a reversal

Comments

Was this not a losing trade? Price went below your stop loss level shown before going on to make the double top @ 76.650
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Like it
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I see you closed this trade. I think this could be a reversal trade. Im personally short as there is strong weekly resistance after a long bull run since march. Also on the daily chart I see a symmetrical triangle with a triple top which looks like it is breaking to the downside. Also the 4 hour chart shows weakness.
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jerrin98 Tall_Short
@Tall_Short Yes trade has been closed. Triple top confirmed after the price had broken neckline. waiting for a correction towards neckline
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Great work
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great work
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jerrin98 kay19999
@kay19999, thank you :)
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I have been long on this trend, but just banked quite a lot of profits as the lockdown in Melbourne is a bit of a worry...
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jerrin98 philw44
@philw44, oh I see, good to secure profit when things like that are going on
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