Hi guys, here on AUDJPY we're sitting on a very important structure level that i think could stop price from getting higher and also provide some nice selling opportunities. In fact, i'm already decided to short it since price action showed us some weaknesses on both 1hr and 4hr chart. Stops would go above the highs, target1 at 1:1 RR at least, target2 to be determined. Let's see how it plays out.
If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Trade fechado: objetivo atingido
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Out the first position just few pips above the target1 line. Now stops moved to breakeven.
Nice structure, double top with an engulfing kicker! Did you entered at the close of the engulfing candle around 84.263? or you waited a retracement? Thanks
Roker1
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Hey @Sebatrader1, i've placed my order right where you see the blue line (84.365)