This is AUD/JPY daily chart.From the high 17.04.2019 to the low 26.08.2019 market was bearish. Now near the potential reversal zone that specified by fibonacci levels we see momentum bearish guard.Thats better to follow lower timeframe (H4,H1,M30) to find the best rate to get sell(by every ones own strategy) .Of course i specified SELL STOP(low of 08.11.2019) and SL(high of 07.11.2019) on this daily chart but we may have to change our minds in the coming days about our pending order or our looking of this pair So i will update this published idea.Control your risk , every analysis can be failed.
Comment:
Now at this time and at this rate(73.450) I close half of my Transaction volume to be risk free(in 118 pips profit ) .Now I should manage the next half of deal .will update.
Comment:
I will trail my the rest transaction volume’s stop loss to 74.105 .
Trade closed: target reached:
we exited from our deals on this pair with 171 pips profit (118+53 pip) .