AUDJPY (H4): Approaching LT Trendline, ST Triple Bottom Formed

AUDJPY
Timeframe: H4
Direction: Long

Confluences for Trade:
- Stochastic Oversold momentum
- Close to Strong Resistance of L/T Trendline (since May 2016)
- S/T Triple Bottom Formed

Suggested Trade:
Entry @ Area of Interest 79.12 -79.85
SL: 78.62
TP: 81.14
RR: Approx. 2.00 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Comment:

yesterday's drop formed a double bottom aside from the other triple bottom previously mentioned. Looking good :D

Trade closed: stop reached:

Trade reversed due to a very volatile market currently.

Trade active:

This trade idea is still strong. Unlucky that it touch the SL first before rebounding back. Chance to re-enter. :D

Comment:

Lock in half your profits and move SL to BE levels.

You are then able to run this trade as a risk-free trade.

Trade closed: target reached:

Closed the trade 20 pips away from the TP level. Good catch, moving on to the next one!