Running out of fuel for the rally in AUD/JPY - measuring
As I write this AUDJPY is at 87.351 The profit target here is flexible, but you see that based on the projected trade the amount risked is very small compared to the reward which is 125 pips, that means for the 20 pips of risk there is enough air to move AUDJPY to 86.321. I don't recommend any more risk than 20-35 pips because of how strong it was currently.
see that the conditions set on 11/2 to 11/5 are in fact overhead resistance
tighten the stop to lock in profits
this is the first time the daily candlestick morphed into a smaller range and tight and narrow bodid candle that was just slightly bullish. It means momentum is slowing down and that it could be time for a reversal in trend
see that the conditions set on 11/2 to 11/5 are in fact overhead resistance
tighten the stop to lock in profits
this is the first time the daily candlestick morphed into a smaller range and tight and narrow bodid candle that was just slightly bullish. It means momentum is slowing down and that it could be time for a reversal in trend