slindstr
Long

AUDJPY: Higher Highs + Higher Lows = Buy

FX:AUDJPY   Australian Dollar/Japanese Yen
We have higher highs and higher lows with a recent jump through structure in the 92.90s. I'm waiting for a retracement to our last higher high @ 93.45ish where I'll enter long. Jumping down to the 30 minute chart, I picked 92.90 for my stop because price action will have to break through structure at 93.45ish and some minor structure at 93.15ish. Our next piece of major structure is in the 94.60s, so I'll be taking profit at 94.50 to make sure I get it.

BUY @ 93.46
SELL @ 92.90 (SL)
SELL @ 94.50 (TP)
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Risk: 56 Pips
Reward: 104 Pips
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