AUDJPY Short

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Unfortunately, I was stopped out from the previous analysis. I believe that I entered the position too early, thus being stopped out.

The price has formed another rising channel / flag, currently @ 94.0, which seems like a bullish trap. This might be the last attempt of the bulls trying to outperform the bearish . If the price completes the rising channel , I will enter the trade @93.5

I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.

Entry @ 93.5 Sl @ 94.5 and target @ 89.5

My R:R is 1: 4

Remember, risk 1 - 2 % of the account.
Transaction en cours
Trade fermée: cible de profit atteinte
Trade fermée: cible de profit atteinte
Tp 2 Hit
AUDJPYaudjpyanalysisaudjpyideaaudjpysellaudjpyshortaudjpysignalTechnical IndicatorsTrend Analysis

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