AUD/JPY Trendline Breakout Play!

٨ يناير

Hey traders, I’m sharing a live trade I’ve just entered on the AUD/JPY pair. Let’s dive into the details, step by step, so you can see exactly why I took this trade and how I’m managing it. 🔥

First, take a look at this beautiful uptrend line I’ve drawn. The price has been respecting this line perfectly, forming higher highs and higher lows, which shows us that the bulls are still in control. 🐂

Right now, the price has bounced off this trendline, and that’s where I entered Long at 98.448.

Why did I take this trade?
1️⃣ Trendline Support: The price bounced from a key support zone.
2️⃣ RSI Confirmation: The RSI is above 50, showing bullish momentum.
3️⃣ Clear Risk/Reward: This setup offers a solid risk-to-reward ratio, which is always part of my trading plan.

Here’s the full breakdown:
Entry Point: 98.448
Stop-Loss (SL): 97.976 (just below the trendline and the last swing low).
Take Profit (TP): 98.870 (a key resistance zone and a logical target for this move).
Risk-to-Reward Ratio: ~1:2
If the price hits my TP, it’s a solid win! If it hits my SL, I’ve kept the loss manageable, as always. 💼

So now it’s a waiting game, but I’m confident in this setup. What do you think? Will the price reach my target? Let me know your thoughts in the comments below, and don’t forget to like and subscribe for more live trades and market insights! 🙌

Disclaimer
This content is for educational purposes only and should not be considered financial advice. Trading involves risk, and you can lose more than your initial investment. Always do your own research and consult a professional before trading.

١٠ يناير

أغلقت الصفقة: تم الوصول لوقف الخسارة

Unfortunately, this signal hit the stop loss. Sorry about that, we’ll keep trying and improving!