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yin888
May 24, 2018 6:23 PM

AUDJPY: Inverse H&S in play Long

Australian Dollar/Japanese YenFXCM

Description

Almost a 200 pip opportunity if you had entered on the retest of broken neckline.

Trade active

82.60 was a very good entry price

Comment

Another good opportunity to enter long. 80 pips stop and first target 180 pips higher

Comment

Gap filled, still a good entry from current price

Comment

Exited early at 82.10 for -50 pips due to safe haven demand back hence Yen gaining strength

Trade closed manually

Comments
jose.perez.lara.mx
With a SL at $81.50?
yin888
@jose.perez.lara.mx, I would say a Daily/H4 close below 81.80 would more or less invalidate this setup
waterman
@chongyinliang, Yeh, possibility for that scenario is more.
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