Nico.Muselle
Short

AUDJPY - Trend Continuation opportunity @ previous structure

FX:AUDJPY   Australian Dollar/Japanese Yen
1165 2 28
10 months ago
The overall trend of this pair is very bearish . We recently have put in a high put did not violate previous structure.

Last Friday we broke the structure around 84.0 and are now retracing back into it, a nice opportunity to join the trend.
Stops above 85.25 should be sufficient, and the downside potential is pretty big. When looking just for a retracement into previous lows we have almost a 3:1 RR ratio.

Thanks for clicking that "Thumbs up" button if you like the idea and follow me if you would like to receive updates and new ideas.

Good luck !
10 months ago
Order cancelled: Due to a strong Yen the trade was never triggered and orders have been cancelled. Looking for the next One Good Trade.
morshedul.sazid
10 months ago
Excellent setup! just the way pro's look at the market.!
+1 Reply
Nico.Muselle MOD morshedul.sazid
10 months ago
Flattery won't get you anywhere :P Hehehe .... Thx buddy !
+1 Reply
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