TREND CONTINUATION TRADE AUDJPY (SHORT)

This is a trend continuation trade that i have on my radar today. Short possibilities show up on this pair after the break of structure to the downside and so the continuation of the downtrend. I'm currently waiting for a retracement back into previous structure. When the retracement gets into my "potential reversal zone" i'll be looking for indications of weakness to get short.

This setup is based on technical analyses and structure. I find these two the most important in currency trading. Once you get it, it's mainly dedication, focus and hard work to get your hard-earned profits out of the markets.

I wish you guys best of luck trading, keep it up!

Commento:

Stop-loss moves to break-even