ChaosTrader63

AUD vs JPY Doji at Support

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
Looking at the AUD VS JPY we see price stalling at support @ 95.151 as price has formed a doji candle stating indecision and stalling momentum. Look for a close above the doji candle to enter a long position. If price forms a lower close then we know we are wrong and we do not enter a trade. Keep in mind that a doji candle is not a reversal signal but rather indecision. A conformation would be a close above the doji as price would then show that the buyers have entered the market and attempting to take over. Have a great trading day and God bless!

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