AUDJPY [ 1-3 days view]

SHORT AUDJPY
ENTRY: 78.695
SL: 79.045
TP: 77.500

Market reacting below descending trendline resistance.
Market also holding below it's natural MA (34). We see that price respected MA (34) quite often in the past.
Stochastics also shows a reversal with room for further downside potential.

Handel aktiv:

Trade was triggered over labour day.
As expected, market has moved in my directional bias.
Trailing stop has been moved to protect profits.

Trade is now risk free and still running

Handel aktiv:

Market reached my 1st target. Closed out half my positions.
Tight my trailing stop further.
Time to let the rest of the trade run it's course.

Trade stängt: målet nått:

Market reached target as expected. Beautiful and precise analysis.
+119.5 pips (+1.52%)
Beautiful trade that worked out precisely