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BACapitalManagement
Jun 3, 2018 1:08 AM

Shorting AUDJPY Short

AUD/JPYOANDA

Description

I will be looking to short AUDJPY, if price moves into 84.4 area. I'll wait for daily price action to suggest a possible down turn before entering a trade. Once I get a signal on the daily time frame, I'll move down to the 1H and place pending sell limit orders at previous levels.

Comment

Bear candle posted on the daily time frame.

Comment

Rough look at entries and stops on the 1H time frame.

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