The AUDJPY is bullish on the higher time frame. Here we explore a potential trade opportunity if the conditions mentioned in the video arise. Not financial advice.
I’m long as well. First target is last week’s High. Due to the strong move down and the amount of orders it took to sell off that far, must have a lot of liquidity of stop losses like you said at the top. Depending how price acts after absorbing the liquidity, I plan to stay long for a total of 160pips. What do you think?
tradingwithanthony
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@Dlphdavis, I would move my SL to breakeven once it gains traction and we see a decent rally and retrace.