AUDJPY Long
AUD has been supported lately and Im looking to enter via pullback. Entry is around 87.00 to 87.05 with a stoploss of 25 to 30 pips. The entry marks the point where there is a shift from low volume region to high volume. Reasons for AUD strength and JPY weakness:
*Better Chinese Imports
*Better Chinese Exports
*Dovish Yellen signaled inflation corners
*US CPI miss
*COT data shows Yen selling
For further insight into my trading methodology, see youtube.com/watch?v=VZ3ZtEchZBA
*Better Chinese Imports
*Better Chinese Exports
*Dovish Yellen signaled inflation corners
*US CPI miss
*COT data shows Yen selling
For further insight into my trading methodology, see youtube.com/watch?v=VZ3ZtEchZBA
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