AUDJPY Long - 21 April 2017

Background:
- Bullish reversal candle off 200MA support with bullish divergence

Entry:
- Buy stop 20pips above bullish reversal candle high @ 82.7

SL:
- Set below the entry candle low

PT:
- Next potential resistance area near 50MA resistance

Zlecenie aktywne:

Updates - 1 May 2017:
- After closing my AUDNZD long moments ago, i am thinking to close this trade as well given the upcoming AUD rate announcement.
- However, since i am stil in breakeven point and over-trading risk eliminated (closing my AUDNZD long trade), i would now move my SL to bottom of swing low @ 82.60 and stay on to this trade.
- To pay attention for a 2nd bearish reversal candle at 83.6 region.

Zlecenie aktywne:

Updates - 7 May 2017:
- Price started off bullishly for the week, experience some pull backs and now ended with a bullish reversal candle
- With this i will move my SL to be below of the 5 May bullish candle low and move my PT to the next resistance area @ 86.8

Zlecenie aktywne:

Updates - 10 May 2017:
- Price continues to show bullish sign with long wick at the bottom for the pass 2 trading days.
- Would pay attention at the upcoming 50MA resistance. If a 2nd bearish signal occurs at that area, i might consider exiting this trade