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 ….
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 🙂
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