ForexPhantom
Long

AUDJPY - Bullish Gap is closed

FX:AUDJPY   Australian Dollar / Japanese Yen
A very simple approach to this trade: I was waiting for the bullish gap to close and look for a cheaper entry point. The price is currently within range of the major price retracement levels.

I am awaiting price action confirmation but expecting a re-test of the last high. The 200-EMA may well serve as a pivotal slingshot. As long as the last low (higher low) is intact, this trade stays active.

God speed!
Trade active: Going long
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