Long Setup for AUDJPY Almost 1:5 RR

False break has already happened on the 4hr with confirmation on 30mins. Check 30mins for a reverse head and shoulder. It’s a buy from 79.7.

I’m jumping in at Tokyo market open. Risk reward is about 1:5

Let us take notes of a couple of things. The daily is starting to form a bearish structure and that is the reason why I have two TP levels. First TP will definitely reach.

If you agree, please give this chart a thumbs up. If not please comment and let us all learn from you.

Thank you and good luck

Trade closed: target reached:

TP 2 hit