AUDJPY / LONG OPPORTUNITY / D1

AUDJPY
Trading Bias: Long
Technical Strategy: Falling wedge

Wait for break and close above the resistance line on the D1 timeframe.

Trade active:

This trade struggling for momentum as equities markets simply cannot find their footing. Apple has continued to roll over today prompting risk-off moves in the currency markets.

If you prefer, it is possible to close the trade now at break-even/small loss and just wait for another opportunity. I am personally willing to hold this trade for a bit longer.

Trade closed manually:

Price action isn't very convincing is it? Closing manually at break even. It is possible equities rebound on Friday, pulling this pair higher, but I've had enough! I would rather re-allocate the capital tied up in this trade elsewhere.