AUDJPY long trade on 19/4/22 based on VSA
Pre-Analysis:-
- AUDJPY in uptrend. The pair also in trend alignment for daily, 4 hour & hourly timeframe.
- Correlation also support this trade as JPY was the weakest currency.
- Plan to take profit at the previous high (resistance area), price already move up significantly and may correct deeply.
Entry:-
Post Analysis:-
- I closed the trade as planned, profit took at previous high.
- I decided so because I think this move already a secondary move before deep correction happen.
- Price in actual move higher a little bit and reach max profit of 3R.
- After that price retrace and could hit trailing stop loss if I used it. The amount was approx the same as my exit point.
