Weekly Structure - Downtrend
Daily Structure - Downtrend
AUD-JPY hit 60.000 on 19th of March and price has been recovering since then. Price has has reverted on 67.500, broke the ascending trendline and start to create lower highs and lower lows. Price is now retesting 66.600 area before drop (my view).
TP1 - 65.000
TP2 - 64.000
SL - 67.073
R/R - 5.3
Good Luck!!!
Daily Structure - Downtrend
AUD-JPY hit 60.000 on 19th of March and price has been recovering since then. Price has has reverted on 67.500, broke the ascending trendline and start to create lower highs and lower lows. Price is now retesting 66.600 area before drop (my view).
TP1 - 65.000
TP2 - 64.000
SL - 67.073
R/R - 5.3
Good Luck!!!
Comment:
Market's to volatile so you can move stop loss at entry. We have already 25 pips in profit so we need to secure the bag.
Comment:
We are near 1st target (TP1). You can close 40% of the trade and let it run the rest to the remaining targets.
Comment:
40% Trade Closed - 245 Pips Profit
Comment:
TP1 Reached