AUDJPY - BEARISH PLAN

20 giu 2020

Price will move to TP1 target as you can see the hanging candles should find a structure. I would then place a sell limit @ 73.45 for a re-tracement (SL = 74.00 & TP in indicated levels on chart) and also a sell stop @ 73.00 to capture the entire double short move to next TP2 target (Second Support Line). This trade is valid only if the daily support line is broken otherwise trade bias could change back to the upside due to a strong demand zone