We can enter longs here (or in AUDJPY, like I reccomended to my clients), risking a small drop below low volume support). Risking 0.5% potential upside makes this trade worth it. The weight of evidence suggests the BOJ will help us make some decent progress on this position soon.
Cheers,
Ivan Labrie.
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It went a bit lower than expected before the close. The US session makes me think we'll get a nice long above today's high, with stop under today's low.
Trade closed: stop reached
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We have to wait for oil to stabilize, then take a new daily high as the entry.
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Shame we didn't retry this one.
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We're at the target zone here, but it can go way higher if we break above this range.