Taking advantage of bullish price action happening in higher time-frame charts, especially with weaker JPY (as long as no talks about tapering yet), and recovering AUD. Setting a buy stop order now a few pips above the previous period base fib level (also a good hourly resistance).
www.dailyfx.com...ttish-FOMC.html?DFXfeeds=f...
www.fxstreet.com/new...l-steam-201701301002
D:
W:
www.dailyfx.com...ttish-FOMC.html?DFXfeeds=f...
www.fxstreet.com/new...l-steam-201701301002
D:
W:
Comment:
www.dailyfx.com...de-Surplus.html?DFXfeeds=f...
Comment:
Bullish pennant forming. Asuming no black swan or any major news event affecting AUDJPY in a different way and current sentiments stay, this pair should break past the base pivot line and continue going up by Sydney's open.
Bullish pennant forming. Asuming no black swan or any major news event affecting AUDJPY in a different way and current sentiments stay, this pair should break past the base pivot line and continue going up by Sydney's open.
Comment:
www.dailyfx.com...e-Decision.html?DFXfeeds=f...
If the pair doesn't hit the TPs before NY open or show sign of reversal, will manually close the trades.
If the pair doesn't hit the TPs before NY open or show sign of reversal, will manually close the trades.
Trade closed manually:
www.dailyfx.com...n-PMI-Miss.html?DFXfeeds=f...
AUDJPY starts going sideways after the China PMI news, so I'm manually closing my trade now to avoid getting whipsawed.
AUDJPY starts going sideways after the China PMI news, so I'm manually closing my trade now to avoid getting whipsawed.
Comment:
It was a good thing I closed this trade already especially before NFP Friday else this could turn into a loss :(
