AUDJPY SHORT (Daily) #33

Short triggered at .50% fib. Looking at a 1:7 RR MINIMUM. Overall target is a 1:13 RR which is completely reasonable considering this trend looks exhausted.

-Trend Exhaustion
-Mean Reversion
-Daily Rejection
-4hr/1hr Symmetrical Triangle
-Bearish Territory (Zoom Out)

Transakcja zakończona: osiągnięto poziom stop:

As you can see, not every trade is a winner. This is why it is essential to keep money management and emotions in tact.

Komentarz:

Stop loss too tight in this scenario, have to give the trade more room to breathe.