AUDJPY - BUY - 11th August 2021




AUDJPY - BUY - 11th August 2021 (Closed)


Good evening team,

The AUDJPY has been a pain in the backside as we were stopped out at breakeven earlier in the week. This set-up is still valid and looks even more bullish due to the inverse head and shoulders structure that has now been set up.

AUDJPY 4 Hour Chart

Bull flag breakout, inverted head and shoulders structure and higher lows, all technicals are suggesting a move to the upside.

Trade Setup: BUY market execution, current price 81.19, stop loss 80.59 and take profit target set at 82.79

Stop loss: 60 pips

Take profit: 160 pips

Trade Setup
BUY - Market Execution

Entry
81.19

Take Profit
82.79

Stop Loss
80.59