fstrategies
Long

AUD/JPY clear long position

FX:AUDJPY   Australian Dollar / Japanese Yen
This pair made a great downside movement after breaking the upside trend! This action must always have reaction which will indicate another upside movement in the same trend formation. This is a very good opportunity because the Stop Loss should be placed just below the main support level . The first support level is touched but there are possibilities that the price may go down to the second and third final major support level . This trade position will be almost 4:1 win/lose pips.
Good luck traders, hope you will have a great trading week.
Please comment below, let me know your thinking !!
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