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Jamal92
Feb 19, 2017 11:27 AM

Buying Potential - AUDJPY Long

AUSTRALIAN DOLLAR / JAPANESE YENICE

Description

The trend line has been respected since the 23rd of November 2016. I will set my order when it touches the trend line but ONLY if it doesn't break it but respects it. I will then leave my order and hold it till around the 87.500 levels.

Comment

I am contemplating setting up a buy. I will wait if the bar to close above the trend line to confirm a buy order but if the trend line is broken and tested and struggles to get up. A valid sell will be available

Trade active

The Trend line got respected so I have put a buy around the 86.095

Trade closed: target reached

Hit my target of 86.500
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