FX:AUDJPY Australian Dollar/Japanese Yen
Although in an uptrend we have a nice sell opportunity in AUDJPY with price been rejected from the upper parallel of smaller (orange ) and breaking below the consolidation it was moving in. I expect price to come up to test once more the parallel, where i have already placed my sell order with sl and tp as shown at the chart.
Trade closed: target reached: We move stoploss at second position to breakeven for a free risk trade
Trade closed: target reached: 2nd target reached in the opening of the market :)
Hi Manolis, thank you for your kind words. I sometimes use rsi or macd looking for divergences. I also use atr for better stoploss levels, and that's it. No way i will use indicators to enter a trade. They are all lagging and they won't help in your trading. Price action and market structure is everything you need in order to master your trading :)