mickarose

Long AUDJPY on retest of the median line

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
232 views
7
Technical setup for good R:R trade. I'm long at 81.4
Trade active: Well got the re-test, and another entry opportunity at 81.4. Would like to see it clear up through 82 in the next few hourly bars ideally.

Trade is active, will update here.
Trade active: Trade remains valid. Warning line has been set. Ideally would like to see price zoom the centre median line. Suspect it might ride the line for a while though. As long as price is contained above the warning line trade remains valid. Will update
Comment:
Trade active: Price trying to break above centre median line. I have updated SL and TP on this trade. SL is now at break even (81.45) and TP has moved along the upper median line (84.75). I will be looking to lock in profit if Price moves above the centre median line and gives an opportunity to move the SL to a profit stop. Will update
Comment:
Trade active: Profit stop moved up to 81.85. Next challenge will be to take out recent high at 82.5
Comment:
Trade active: Profit stop moved up to 82.3. Target moved along upper median line now at 84.825. Will update
Comment:
Trade active: Profit Target moved to final price of 85. Profit stop has moved up locking in ~170 pips. Will update
Comment:
Trade closed manually: Trade closed with profit of 256.8 pips. Expect price to drift lower fro here.
Comment:

Comments

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