Trade Setup: AUD/JPY – 19 Sep 2016

19 Sep 2016
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19-sep-2016-audjpy

Candle Stick Pattern: Morning Star at (2) & Bullish Engulfing at (1)
Confirmation:

  • Stochastic oversold range.
  • Retesting previous resistance at (4)

Signal: BUY
Entry Point: 76.82
SL: 75.94 (88 pips) (Nearest support level at (1) & (4))
TP: 78.71 (189 pips) (Nearest resistance level at (3))

 

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