RyanVarghese

Pain Trade. Long AJ setup on the RBA rate decision.

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
The market has priced a rate cut but the truce between US-China is a good proxy to AUDJPY . we could be seeing some good moves after a whipsaw.

Technically, we have three confluences.. one in the forming of Inverse Head & Shoulders .. and 200 Daily SMA ..with TL`s. Still, if they sound dovish, this could go way bellow 74.50 which will invalidate the setup.

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