LeoYao
Short

Short AUDJPY as the resistance level is very strong

FX:AUDJPY   Australian Dollar/Japanese Yen
340 2 13
Open Short position when the market is open and price is near 86.255 again.

SL: 86.855
PL:79.731
Comment: 124 pips has been earned. Now it's 84.3.
Comment: now is 78.101. From 86.25 to 78.10, around 815 pips earned.
And most interesting thing is, the price retest our entry again. It means for those believe my idea here will add more positions on the 86.25 again. Finally, his/her profit will become double also.
So are you saying wait until it goes back up to 86.25 and short again? would you recommenced taking a long position now to the 86.25 level?
Reply
LeoYao petermarshall
Hi Peter, please note this trade was activated 2 months ago. We need to pay attention to the time factor of the trade.86.25 is a strong resistance but does not mean every time it comes to this level then the price will drop. International background and economy data are all different. BTW, to answer your second query whether can long here, my answer is yes, but you can get better entry place. Details are here in my newly published idea:
Potential Long Zone For AUDJPY
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