Art-of-FX
Long

AudJpy upcoming monthly candle channel is pointing to the upside

FX:AUDJPY   Australian Dollar/Japanese Yen
42 3 1
AudJpy             upcoming monthly candle channel is pointing to the upside. The candle is fantastic even though it hasnt printed you get more reinforcement through the down channel and increase in volume . Yes the volume is broker to broker, however when added as just another piece to the puzzle it actually is worth paying attention to. Unsure what my target will be however with a nice break we should most likely get at least 4-500 pips if not much more.
Comment: The candle bounce right off the trend line was nice, I still have faith this will be a good setup in the longrun
I got in pretty close to the bottom, small position i couldnt resist.
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I missed the 72 level entry, darn it. I think the range would be between 70 to 80 for next 2 weeks or so, maybe. I hope to get to enter in the 72-74 range.
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I like trades like that since it's a double whammy, pips gains plus interests. I was watching this one too and couldn't pull the trigger early last week.
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