sedemmler
Long

AUDJPY Nice Risk/Reward Set Up

FX:AUDJPY   Australian Dollar/Japanese Yen
110 1 0
Grab a long now, pop the s/l at 92.90 and t/p at 94.20. As of the time I'm publishing this that's a 3:1 risk/reward. The Aussie got its teeth kicked in on the Chinese bank bad loan catalyst. I think as long as the trend remains up we're near the bottom.

For what it's worth, my money is where my mouth is. Long at 93.28 with the above stop/limit in place.
sedemmler
3 years ago
This one missed it. Which happened probably because of Stevens' comments on a lower AUD, Yen data, and other crosses volumes influencing the pair. Medium-term, this still may be valuable. But for now I'm out of it it -30 pips.
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