The price formed a bearish flag, broke out at the lowest trend line, thus forming a bear trap. I am anticipating that the price will continue with the bullish momentum.
My entry position is at 92.1 just above the previous HH( I am using the pullback strategy for my trade).
My stop loss is at 91.1, at the end of the bullish engulfing candle of the trend. My Target R:R is 1:3, where my targets are 93.1, 94.1 , 95.1.
Kindly, do not risk more than 1-2 % of your account and if the trade will be activated, move your SL when the first target is hit!
My entry position is at 92.1 just above the previous HH( I am using the pullback strategy for my trade).
My stop loss is at 91.1, at the end of the bullish engulfing candle of the trend. My Target R:R is 1:3, where my targets are 93.1, 94.1 , 95.1.
Kindly, do not risk more than 1-2 % of your account and if the trade will be activated, move your SL when the first target is hit!
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AUDJPY Long
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