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.
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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.