AUDJPY with demand level in the 1h time frame offering a risk profile of 1R
Trade active:
The trade is open and in progress. The demand level is valid until we see a candle close price below 95.373 on the 1 hour time frame ( time frame of this demand level). There was a overnight volatility due to CPI numbers but level is holding and still valid. There are always two side for this type of trades. A scale in process or an all in. Boths have advantages and disavantages so risk management is key. I was stopped out and re enter again
Trade active:
Just a reminder that this trade is still in progress. Demand level is still in play. Only a 1 hour candle close below $95.16 will absorb all the existing demand. Untill then trade is open
Trade closed: target reached