PAIR IN FOCUS: AUDJPY
ACTION: LONG
HORIZON: MEDIUM TO LONG-TERM
After breaking above and retesting several structure levels, price may continue to climb higher based on momentum. Daily candle has shown that there is bullish momentum.
Suggested TP will be @ 1:1 R:R and 2:1 R:R.
Stop loss is place below the structure level, with space for another possible retest.
Let's see how this works out!
ACTION: LONG
HORIZON: MEDIUM TO LONG-TERM
After breaking above and retesting several structure levels, price may continue to climb higher based on momentum. Daily candle has shown that there is bullish momentum.
Suggested TP will be @ 1:1 R:R and 2:1 R:R.
Stop loss is place below the structure level, with space for another possible retest.
Let's see how this works out!
Trade closed: target reached:
TP 2 reached as well +162 pips!
Lets see if TP 2 can be reached as well, cheers!