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managingchaoscapital

AUDJPY - Short - Great R-R

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
managingchaoscapital Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY short aud jpy Forex
7
2
audjpy short aud jpy forex
Great R-R

PROS:

-RSI overbought
-Double top
-HUGE resistance on daily and weekly
-Great RR
-Long run trend line

CONS:
-We broken the daily 200MA. However, its happened in the past and AJ has fallen right back through it. So this con is really a 50/50 one. Still may be dangerous.

Safe and successful trading!
Comment:
Short entry signal. Re-entered in a short position after being just stopped out earlier

snapshot
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