Long AUDJPY, RR 1:1.72 & RR 1:3.26
Reasons to enter:
1. The price just close above the daily resistance (light blue rectangle area).
2. Highlighted yellow areas showing that it's a uptrend as Higher lows are forming.
3. 2nd bounce of the black Trendline , am expecting a Higher high to form.
4. Fibo level 50% was met, am aiming for 0% or even -27.2% for my Target Profit (TP).
RR 1:1.72
Ep 1 : 88.400 (around here)
TP 1: 89.40 (103pips)
SL 1: 87.70 (60 pips)
RR1:3.26
EP 2: 88.40 (around)
TP 2: 91.50 (326pips)
SL 2: 87.45 (95pips)
1. The price just close above the daily resistance (light blue rectangle area).
2. Highlighted yellow areas showing that it's a uptrend as Higher lows are forming.
3. 2nd bounce of the black Trendline , am expecting a Higher high to form.
4. Fibo level 50% was met, am aiming for 0% or even -27.2% for my Target Profit (TP).
RR 1:1.72
Ep 1 : 88.400 (around here)
TP 1: 89.40 (103pips)
SL 1: 87.70 (60 pips)
RR1:3.26
EP 2: 88.40 (around)
TP 2: 91.50 (326pips)
SL 2: 87.45 (95pips)
Trade closed: stop reached
For the first trade RR 1:1.72, stop loss was met! :X Too tight my sl.for the second trade was in good profit now. Thanks to fundamental, one trade loss, one trade profit. WIll be EXTRA EXTRA careful for my future trade setups!
Trade active
Second trade RR 1:3.26, now holding a trade with 80++ pips :D
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