Aud/Jpy Part 2. - The retest

٢٢ مارس ٢٠٢٤

This is a continuation of my last trade on Aud/Jpy.

Price have broken out of the trendline and is now closing in on it for a potential retest.
Price also has the Ema 50 4H helping with confluence along with the overall high timeframe trend.

I am waiting for a touch and confirmation on my idea.

Tradeplan:
Wait for touch.
Wait for lower timeframe confluence.

SL: 20 pips below SR
TP: 100

٢٥ مارس ٢٠٢٤

تم فتح الصفقة

SL: 98.26
TP: 99.48

١ أبريل ٢٠٢٤

أغلقت الصفقة: تم الوصول لوقف الخسارة

Price had a initial bounce. And the next touch reached for my SL. Price is still above the TL but i would need more confluence than that for another go at this long trade.

Plan now is to wait for a break in any direction and trade based on that direction.