FX:AUDJPY   Australian Dollar / Japanese Yen
239 0 8
We are in a correction looking to break out. I am suspecting a little more down before a move up to break the blue trend line .
If price drops below the last low 79.045 I will draw a trend line 80.453 pivot and trade a break out of that LTF TL.
If price drops back to the .50 near the green daily TL I will watch carefully for a bull signal. (a higher risk trade).
If price breaks out strongly above the blue 4 hr             trend line I will wait for the small correction and trade that break out.

See my breakout plan on the link below.

If you like the breakout plan please let me know and I will repost it for others.

Educate yourself, crate a trade plan, validate your ideas with other trader's ideas. Own your trade good or bad.

If someone never admits they were wrong in trading they are a bold faced liar.
Comment: Getting closer to the breakout long. Two breakout trade options. 1) trade the break of the 1 hr TL (purple) look for a small correction (3 sideways 15 min candles min.) and trade the break of that correction. 2) wait for the breakout of the 4 hr TL (blue) again wait for a correction and trade the break of that LTF correction.
Trade active
Trade closed: stop reached: I deliberated where to put my stop and decided just under the pull back at the top of the 4 hr support zone. I felt if I used the whole zone or placed the stop under the swing low the RR would not be good enough to take the trade. Unfortunately the double top happened while I slept so I missed a chance to move to BE.
You win a few you lose less.
Comment: If I had bought the bounce I would move my stop to BE as this move up is not looking impulsive.
Comment: We need to sit back and wait for the news waves to subside before making a decision. It is looking lower at this point.
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