There can be multiple reasons why your Take Profit (TP) in an AUDJPY trade didn’t trigger:
Spread and Price Reaching: Sometimes the current price reaches the TP level, but because of the spread (difference between bid and ask prices), the TP doesn’t get triggered. Depending on whether your TP is above or below current price, check if the ask or bid price hit your TP level.
Different Market Conditions: Market volatility can cause price spikes that appear to hit your TP on certain charts but might not actually execute across your trading platform due to latency or price discrepancies.
Trading Platform and Broker: Depending on your broker’s system, there might be slight variations in prices displayed on different charting systems. Ensure your platform is fully synchronized with your broker’s data feed.
Execution Delays: At times, delay in execution due to latency issues or rapid market movement can cause an order to not fill at the exact level. Check if there were any platform notifications about execution delays.
Check TP Setting: Double-check if the TP was set correctly on your trading platform. Incorrect order settings or modifications might affect execution.
Market Hours and Liquidity: If this happened during low liquidity times (e.g., market close), price could temporarily spike to your TP on your platform but not in the interbank market where execution happens.
Reviewing the above points can help diagnose why your TP might not have triggered, and contacting your broker for further clarification would also provide specific details on trade execution for this situation.
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