AUD/JPY Short Trade – 30 minute chart
Australian Dollar/Japanese Yen FX:AUDJPY
I have marked the Pivot at 80.46 I am placing my (1st) Stop loss just above the Pivot at 80.53, if you are feeling like you may want to take a little more risk, go for the (2nd) Stop loss at 80.92.
I have set 2 take profit targets. If the trade goes in the direction i want, then i will be looking to take 50% profit at 79.42 and if the trade continues, I will take the rest of the profit at 79.00.
I will only enter this trade if the candlestick hits 80.00.