Koutta

AUDJPY Price Action Long.

Long
Koutta Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
*Personal Journal*
Potential Long on AUDJPY. Still waiting for a reaction on the level the price is at (engulf/pinbar/higher close/etc...).
Analysis: Getting on the pullback on a Bullish trend. The pullback is a bit strong so I need to be careful on this one.
Comment:
Last candle showed no real bullish pressure so I'm still waiting confirmation.
Comment:
Buyers still struggling to get the price up, waiting more confirmation.
Comment:
Now we see some buyer pressure, big bullish bar with a higher close. Unfortunatelly this makes my R:R ratio not good, so i'm going to enter aggresive if the R:R meet my requirement.
Comment:
Looks like it won't give me a chance to enter, still will wait for a chance.
Order cancelled:
Unexpected spike down on all JPY pairs, I don't want to risk a position in this cases.
Comment:
Just for the record, I was not on my computer the moment the spike happened, so I did get in the trade by accident because I had a Buy limit, but got out mannually as soon as I noticed with a 0.41 R:R loss.

I was planning to cancel the order and consider the trade as "Missed" but I was a bit late.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.