AUDJPY key area

-17 week rectangle
-Forming just above trendline from 2008 low
-200 DMA converging with upper boundary
-Weekly Bollinger band squeeze

My bias is to the upside as there are more tests of the upper boundary and the trend is still up but a break and close in either direction would be telling
30 basis points of risk planned
Some further development needed before outlining my entry/exit tactics but on my radar nonetheless

Comment:

Potential H&S continuation coiling just above support

Comment:

Stop sell order @ 80.40
SL @ 80.93
TP @ 76.50

Comment:

Order cancelled, will continue to monitor

Comment:

Wish I had anticipated the minor H&S failure and had my orders in accordingly

Comment:

Order positioned to take advantage of break above break above potential W bottom or break above head of minor H&S
Buy stop @ 82.115
SL @ 81.480
TP @ 84.520 (Will be flexible as could be potential to be valid pre position of larger horizontal range)

Comment:

Order adjustment
Buy stop @ 82.16
SL @ 81.27

Comment:

Correction
Buy stop @ 82.16
SL @ 81.57
TP @ 84.45

Trade active:

Order filled

Comment:

Stop @ 82.016

Comment:

Stop @ 82.367
3 day trailing stop rule in effect

Trade closed: stop reached:

Trading within ranges has always been difficult for me