AUDJPY High Risk Reward short setup

FX:AUDJPY   Australian Dollar / Japanese Yen
51 0 3
AUDJPY             popped higher due to better than expected GDP figure, even it was revised higher after yesterday's good AU export data. Given the such good data, AUDJPY             still struggles to break to the upside of the channel. Which means price may just stall here and turn back lower soon and the pop provided a good shorting opportunity.

I have entered a small short at 80.70 with stop just above 81.00 (above the channel), the risk to reward is very high for this trade.

Use good risk management if you take this trade.
Comment: I decided to close AUDJPY short at +90 pips because USDJPY is bouncing to trend line support. Not a bad trade.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out