FX:AUDJPY Australian Dollar/Japanese Yen
hello everyone here an update on a previous idea. I had presented the two possible scenarios first one being a break above and buy and second one being a sell on the bounce. My previous wave count was favoring a sell however I worked on it over the weekend and a sell is more on the cards. We already made some profit on this pair by selling on the top however we are looking to add in more positions.
Comment: Correction was working way too late last night so messed it up. Previous wave count was favoring a BUY not a SELL.
Comment: 70+ pips already, move your stops to breakeven if you sold on the top.
Comment: Good that we closed these positions last week