Nico.Muselle
Short

AUDJPY - Trend Continuation opportunity @ previous structure

FX:AUDJPY   Australian Dollar / Japanese Yen
1175 2 28
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 !
Order cancelled: Due to a strong Yen the trade was never triggered and orders have been cancelled. Looking for the next One Good Trade.
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Excellent setup! just the way pro's look at the market.!
+1 Reply
Nico.Muselle MOD morshedul.sazid
Flattery won't get you anywhere :P Hehehe .... Thx buddy !
+1 Reply
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