AUDJPY - Bearish Bat at top of ED Channel
Updated
Hey guys, am currently watching AUDJPY.
I am interested to go short on this pair.
It has bearish bat pattern completion and it is at the top of my drawn ED channel a.k.a Parallel channel.
EP: 78.70
SL: 79.40 (70)
TP: 76.50 (220)
If you are already took position on EURJPY idea posted early week, I suggest to keep this position to half your normal risk exposure. (1% max DD for me)
NFP will happen tonight, if you do not mind trading the news, you could consider this as a trade idea.
Good luck and great trading!
I am interested to go short on this pair.
It has bearish bat pattern completion and it is at the top of my drawn ED channel a.k.a Parallel channel.
EP: 78.70
SL: 79.40 (70)
TP: 76.50 (220)
If you are already took position on EURJPY idea posted early week, I suggest to keep this position to half your normal risk exposure. (1% max DD for me)
NFP will happen tonight, if you do not mind trading the news, you could consider this as a trade idea.
Good luck and great trading!
Trade active
In at 78.70.Gonna hold it over the weekends and hope it reaches my TP next week.
Note
Stop loss updated to 79.20.Riding on 50 pips of profits now.
Targets still at 76.50.
Trade closed manually
Took some profits off the table.Price is ranging very strongly.
Will seek to re-enter short when it retest around 78.90.
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