Saturday 19 January 2013

03/01/2013 AUD/JPY long (profit)



I went long here on the H4 chart for Aud/JPY. Reason being that price had closed above 6ema (yellow line for 13 consecutive bars (on my chart it says 13 consecutive days but that's a mistake. Went long as soon as price touched the 6ema again. Risked 0.5%, aiming for 2:1 RR. The chart doesn't show my stop or target but the exit chart will. Here is the entry chart.  (click to enlarge)








And here is the exit chart. 91.16 was my stop and 92.03 was my target. As you can see, price hit my target and I made a nice profit of 2:1 RR. 






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