We had a big impulse to the upside breaking the downtrend structure on the H4 TF. Also, we have been creating HH and HL on lower time frames. Now, we are waiting for the pullback and price action to lead us to enter long in this pair, if no bulls show up around "green zone" we DO NOT enter. It could retest between.50 and .618, since it is where we had previous resistance before breaking it.
Remember: Let the market show you the way. Patience is key!
AUDJPY
Remember: Let the market show you the way. Patience is key!
AUDJPY
Comment:
Price has found .382 as a great support. Has given a 4HR bullish engulfing, which a great sign. Also, more bullish engulfing on 1HR. Meeting my strategy I am entering this trade now with a fairly tight SL
Comment:
Comment:
We are about 40 pips in profit. Take partial if would like and move stop loss to break even and have a risk free trade.
Trade closed: target reached:
TP1 HIT: If you entered on the updated entry. Your stop should be in profit and let it run.
Trade closed: target reached:
TP 2 HIT!