building our AUDJPY Position

FX:AUDJPY   Australian Dollar / Japanese Yen
37 0 1
This is a swing trade of a few weeks to months. With our fundamental view we are looking for entry opportunities preferably pullbacks for better risk reward opportunities.

1st entry: 87.530
Stop loss: 88.700
1st target: 82.300 area (1:4.5 risk:reward)
2nd target: 75.000-75.500 area (1:10.5 risk:reward)

If stop loss is taken out, then we will look for top of the channel for entry opportunities. We will also be adding to our position as the trade starts going our direction and use each pullback opportunities to add to our position.
Comment: First target with a 1:4.5 risk/reward was hit. and we might have some consolidation and other opportunities to enter to reach our final target of 1:10 risk/reward. Target 2 might take longer to reach. These are not day trades but swing trades top down trades that might take few days to weeks or months to play out.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out