Update: Stopped out.
Profit(pips)= -180.
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AUDJPY is breaking-out heavily from the short term sideways range among 95.20 key support level, and 96.50 key resistance, which i mentioned in my previous post that i would look to short if a breakout materialize.
Bearish Catalysts:
- A break below Main near term support at 95.20 includes the latest low, the 50-days SMA and main rising trend line
- A bearish divergence on RSI supports the bearish scenario
Best of Luck
Technician: twitter.com/thefxchannel
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
Profit(pips)= -180.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AUDJPY is breaking-out heavily from the short term sideways range among 95.20 key support level, and 96.50 key resistance, which i mentioned in my previous post that i would look to short if a breakout materialize.
Bearish Catalysts:
- A break below Main near term support at 95.20 includes the latest low, the 50-days SMA and main rising trend line
- A bearish divergence on RSI supports the bearish scenario
Best of Luck
Technician: twitter.com/thefxchannel
-------------------------------------------------------
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
