Trade Idea: sell AUDJPY
I mentioned last week that because of the strong bearish trend on AJ, if resistance is retested we could see a very good opportunity to sell.
On the 1 hour we see resistance being retested with bearish candles rejecting resistance.
This setup is an actual trade I have taken. Targets are at previous lows and SL is the same distance away for a 1:1 risk reward.
SL is protected by the resistance level at entry.
Note: I've place a limit order because the market may consolidate before moving down. The limit order allows for a better entry.
On the 1 hour we see resistance being retested with bearish candles rejecting resistance.
This setup is an actual trade I have taken. Targets are at previous lows and SL is the same distance away for a 1:1 risk reward.
SL is protected by the resistance level at entry.
Note: I've place a limit order because the market may consolidate before moving down. The limit order allows for a better entry.
Trade fermée: ordre d’arrêt atteint
SL was hit, however, my bias is still bearish.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.