AUDJPY – SELL – 11th June 2020

AUDJPY – SELL – 11th June 2020 (Closed)

Good morning team,

Please check telegram for the fundamental update. We reentered NZDJPY this morning, unfortunately the stop was hit by 2-3 pips but the setup is still valid.

I am also adding a position on the AUDJPY.

Head and shoulders formation followed by a bear flag breakout. We are expecting a break of the neck line in the near future.

Trade setup: SELL Market execution, current price 74.65, stop loss 75.71 and take profit 73.25.

Stop loss: 106 pips

Take profit: 140 pips

Trade Setup
SELL - Market execution

Entry
74.65

Take Profit
73.25

Stop Loss
75.71