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Thomas_Juchem

AUDJPY - Drifting after breakout

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
Thomas_Juchem Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Trend Analysis Chart Patterns AUDJPY short
6
1
trendanalysis chartpattern audjpy short
After breaking out from the channel, AUDJPY is drifting and if it manages to go under the blue zone and make a retest we can make an entry.

Targets would be around 66.120 and 65.360, giving us between 4 and 5:1 R/R considering the stop loss above the last move, around 69.100.

A plus is the JPY being a strong currency during these risky times, that can help this trade development.
Comment:
Put stops below entry point.
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