MtxTrader

AUDJPY - Testing Out New Indicator

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
Not my indicator, but i've borrowed it from a friend.

The Range Delta works best when it is oversold during a price uptrend, and overbought during a price downtrend. Assuming the trend itself remains intact, this AUDJPY buy is a very good position.

Momentary price retrace from Fibonacci Retracement resistance, now buying with a target of around 86.
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