AUDJPY Short! Strong signal
After last week, we can see that AUDJPY make an ABCD sell harmonic.
So we can open trade as a Short position.
Entry at the last closed price week: 78.755
The Stop Loss should be at the highest point: 78.848
The Take Profit should be at 77.501.
We can set a trailing stop as 50point.
So we can open trade as a Short position.
Entry at the last closed price week: 78.755
The Stop Loss should be at the highest point: 78.848
The Take Profit should be at 77.501.
We can set a trailing stop as 50point.
Trade active:
After hit the stop loss , as we seen on the chart that price still follow the plan, so we can re-open the short position as the same TP.
Trade closed: stop reached