FX:AUDJPY   Australian Dollar/Japanese Yen
17 1 0
It's not a new setup but as I'm already long for a while and just took the half of the profit, I think that it's worth to retain the other half of the postion. The upward trend is still very safe and the latest green candle is not an inverted hammer as the body is to long. A new intermediate high has been built and so I consider it rather a trend continuation pattern than a beginning bigger downward retracement.
I will place a relatively tight stop and wait whether the previous high will be retested.
motleifaul
2 years ago
The stop was tight and executed. So I took the remainder of the profit and left the position. Seems that the pitchfork lines consider a stronger than expected hurdle.
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