Learn to trade*by following my own personal trading blog.
AUDJPY was in a range for several months of the end of 2013, but it finally broke out to the down side recently. Now, it has rallied to test the bottom of the range. I’m using this as an opportunity to try shorting the pair. The chart below illustrates the setup. As for the target exit, half will be taken off at the first green line while the remainder will be taken off at the second — provided the market moves in my favor, of course.
Originally Published on FX Times
AUDJPY was in a range for several months of the end of 2013, but it finally broke out to the down side recently. Now, it has rallied to test the bottom of the range. I’m using this as an opportunity to try shorting the pair. The chart below illustrates the setup. As for the target exit, half will be taken off at the first green line while the remainder will be taken off at the second — provided the market moves in my favor, of course.
Originally Published on FX Times
by InformedTrades via InformedTrades
No comments:
Post a Comment