TradingView
bruzzese1
Apr 2, 2016 7:09 AM

AUDJPY Downtrend Continuation Short

Australian Dollar/Japanese YenFXCM

Description

AUDJPY tested the upper trendline which has been intact since late 2014 and subsequently made an impulsive downward move. I went short on the pullback @ 85.830. MACD shows bearish divergence on 4hr and is close to negative territory. Stop loss just above last swing high.

Entry: 85.830
S/L: 86.780
TP1: 84.400
TP2: 82.100

Thanks for looking, good luck!

Trade active

Short @ 85.830

Trade closed: target reached

TP1 reached, 130 pips booked

Trade closed: target reached

TP2 reached, 250 pips booked
More