AUDJPY Short Position

已更新
I have entered a short position on AUFJPY for the following reasons:
  • 4 hour fib retracement to the 78.6% area, which has previously been a good area of resistance
  • There is the formation of a double top at this 78.6% area, enphasising the potential for a downward push
  • A glance at the 4H linear regression shows that price is currently above the mean and also shows a downward bias


My take profit has been set at the 0% fib level, which has been a strong area of support.

This trade gives a solid risk/reward ratio of 4.26.
交易結束:達到停損點
Moved SL to half risk over night and got stopped out.
註釋
75.000 support seems strong.
註釋
Only a 1% loss
audfibFibonacciFibonacci RetracementjpyMoving AveragesshortSupport and Resistance

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