BigPipper

AUDJPY Long - Continuing Break Up or Bounce off Bottom Channel

Long
BigPipper Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
I am again looking at 2 possible entries here.
If AUDJPY continues following the top of the channel and breaks above the high I will enter.
I will also be watching for AUDJPY to retrace to the bottom of the channel for an entry as well.

Approximates Entries, Targets and Stops.
Enter above: 85.94
T1: 86.38
T2: 86.83
SL: 85.48
Trade active:
Entered at 1:00 PM
Entry: 85.93
T1: 86.38
T2: 86.83
SL: 85.48
Comment:
The price did not close below the previous low of 85.486 So I am still in the trade.
Trade closed: stop reached:
1H close below 85.48 (Closed at 85.25)
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.