hongzx123
Short

AUDJPY short - 2 November 2016

FX:AUDJPY   Australian Dollar/Japanese Yen
35 0 1
4 months ago
Background:
- Bearish reversal candle ( shooting star ) off daily horizontal resistance resistance @ 80.7 and presented a bearish divergence formation

Entry:
- Sell stop @ 79.36 (Trade triggered in the time of writing this)

TP:
- Set at 78.0 near to 50MA support and trendline support.
- This area could be important as we are in a ascending triangle formation with buying pressure forming higher low along the trend line

SL:
- Set at 79.9 (just 10 pips above round number of 79.8)

4 months ago
Trade active: Update - 4 November 2016:
- Price went down and quickly reversed to form a long wick doji
- Could the previous resistance of 78.5 (in early Aug, Sept, Oct) strong enough to push the pair higher?
- In this point of time, the bearish divergence formation still holds and hopefully the soon to released RBA Monetary Policy Statement would not messed up my trade.
- To hold on to the trade and let it plays out.
4 months ago
Trade closed: stop reached: Update - 7 November 2016:
- Price gap up and triggered my stop loss... aiks starting the week with a loss
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out