AUDJPY Long - Bounce off Bottom Channel
Price has retraced to the bottom of the channel. I am now waiting for a bullish candle to form for AUDJPY on the 1H chart.
Approximates Entries, Targets and Stops.
Enter above: 85.5 or 85.66
T1: 86.07
T2: 86.49
SL: 85.25
Approximates Entries, Targets and Stops.
Enter above: 85.5 or 85.66
T1: 86.07
T2: 86.49
SL: 85.25
Trade active:
Entered at 1:00 AM. Engulfing candle on 1H Chart
Entry: 85.5
T1: 85.75
T2: 86.25
SL: 85.25
Entry: 85.5
T1: 85.75
T2: 86.25
SL: 85.25
Comment:
T1 is 1:1 Risk/Reward and T2 is 1:3 Risk/Reward
Trade closed: stop reached