Technician

(J) Trade 13 : Short AUDJPY on Volatility Spike #forex

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
90
Update 2: Remaining of position was stopped out at break-even
All position is closed
Profit= $425
New Balance= $30 592 + $425 = $31 017

Update: Closed half position at first target, moved stop loss to breakeven for the remaining position.
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Trade 13: SHORTED AUDJPY @94.55
Trade Status: Active
S.L @ 95.25
T1 93.60
T2 92.75

For $30 592 Balance, Position size = 1.1 lot ~ 2% risk of capital

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Reasoning
  • Major technical Breakout below 94.50 support
  • Negative sentiment surrounding markets, as chances of a Greece default and exit of the euro have increased dramatically.

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