AUDJPY
TRADE PARAMETERS
Pick Date : 04/03/18
Entry A : 81.00
Stop : 80.75
Target : 88.00
Entry B : 80.40
Stop : 80.20
Target : 88.00
TRADE STRATEGY
Income Type : Swing
ENTRY A
81.00 is a new 4H demand zone DbR to continue up trend. Will be doing a set and forget limit order. One can enter in the zone at 81.13 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
ENTRY B
80.40 is a fresh 4H demand zone DbR to continue up trend. Will be doing a set and forget limit order. One can enter in the zone at 80.51 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
80.75 is 25 PIPs right outside of two lows for some protection. 80.20 is 20 PIPs right outside of the low for some protection.
TARGET
88.00 is 700+ PIPs up in a fresh monthly supply area with a several LTF supply zone nested. Price will struggle to break the first test.