16/12/2024 - AUDJPY - Short Trade Plan

Trade Details:

Entry: 98.454
Stop Loss: 98.789
Take Profit 1: 98.110
Final Target: 97.117

Reason for Trade:

  • Price is rejecting a strong supply zone and trendline resistance.
  • Potential bearish reversal setup is forming after a retest of the resistance zone.
  • RSI shows a potential bearish divergence, further supporting the short bias.


Disclaimer: This trade plan is for educational purposes only and not financial advice. Always perform your own analysis and risk management before executing any trades.
AUDJPYaudjpyshortTechnical IndicatorsTrend Analysis

Penafian