16-12-2024 - AUDJPY Short
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:
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.
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.
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