nakedchartist
Short

AUDJPY fakeout of 2 weeks high

FX:AUDJPY   Australian Dollar / Japanese Yen
Resistance confluence of:
h4 ED channel top. Breaking above implies a strong risk-on mode, and stocks should continue higher.
h1 channel as well, with macd divergence, currently at top.
there is a fakeout wash n rinse of 2 weeks high. Hoping to see this bull trap as a sign of rejection.
I triggered my short after Stevens' speech, although I am not exactly sure of what was said. Anyway will also see how FOMC is played out.
Asking for a RRR of 1: 4 , with exit at near f6 upflow.

Comments

always a sucky feeling to get SL. Could have done better but unfortunately this trade has been trapped also and perhaps is not ready yet.
Reply
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