SlattYSL

AUD/JPY SWING TRADE

SlattYSL Updated   
FOREXCOM:AUDJPY   Australian Dollar / Japanese Yen
AUD/JPY coming into trend resistance.. so this is a safe low risk short for me. The only volatility i expect to maybe shake up my decision, are the following;
BoE, Largade, & Fed Speech at the end of the week(11/13)
Maybe Japan Prelim GDP on Sunday Market open (11/15)
Monetary Policy Meeting Minutes for Aud on Monday(11/16)
BIG MOVER: AUD UNEMPLOYMENT RATE & EMPLOYMENT CHAGNGE ON WEDNESDAY during Intraday (11/18)

i entered on market around 76.928. There was a bunch of JPY weakness across the board following the Vaccine announcement. Jpy is over extended, the market over reacted, but has yet come to it's senses.

AUD strength in GREEN
RSI in YELLOW
JPY strength in RED

YELLOW DOTTED LINE - Alerts set for RESISTANCE or TAKE PROFIT (if successful i will update after 1st tp)
I personally just set alerts and hold until my final target is reached UNLESS the technical break. Yellow lines just alert me on when i should be aware of a POSSIBLE trend change.
BLUE FLAG/DOTTED LINES - BONUS PIP.. by then 60%-70% of my profit is taken out and i trail by 30 pips.

IF 75 (TARGET PRICE) is reached we will get neutral take 40% off and just wait for the market to give us a signal
Comment:
TP1 HIT. STOP AT BREAK EVEN
Comment:

TP2 HIT

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