One of the Yens to watch going into next week .

Good solid move higher by AUDJPY. I’m short here with fair risk/reward as I have spoken about in previous posts.

A week of strong bullish price action can be viewed on the daily chart below . Stop loss at the 61.8% September -November  high -lows and trying to pre-empt a possible shooting star candle on the daily ….

 

AUDJPY-Daily

 

 

On to the H1– All about positioning myself for good risk/reward My entry at 86.30 -my stops above  86.60.  The highs of the move up around 86.50/65  are a better bet if late to the move and you like the downside .Risking -30 at the time of writing .

Be very careful holding over the weekend  🙂

 

AUDJPY-H1

 

 

 

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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