hongzx123
Short

AUDJPY short - 2 November 2016

FX:AUDJPY   Australian Dollar / Japanese Yen
35 0 1
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)

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.
Trade closed: stop reached: Update - 7 November 2016:
- Price gap up and triggered my stop loss... aiks starting the week with a loss
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out