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The808Trader
Aug 11, 2019 4:52 PM

AUD/JPY Quick Bearish Move! Short

Australian Dollar/Japanese YenFXCM

Description

This is a smaller move so I'll be risking a little less as far as percent goes for this one.

I am looking for a break of the previous candle wick to get short and continue the bearish run we've been on. I've drawn out some partial take profit level to aim for along the way to the overall target.

As long as the trend stays valid however, I will keep some of this trade running, beyond the final target of this setup.

If we fail to break and hold lower, or if our bearish trend confirmations change, this setup may become invalidated.

Comment

TP1 and TP2 hit before going back up to our entry, good little profit for such a small and quick trade
Comments
Bullandbeartrading
Nicely rr buddy!
The808Trader
@Bullandbeartrading, not as good as my normal looks, but we can compensate with a smaller % risk
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