AUDJPY Trade Plan & Aussie Rates
Updated
I have done an analysis of the rates and of Aussie's economy, and have briefly written the results in the following link. I do not expect rats to fall based on what I see. If it does, then things must be worse than my conclusion. AUDJPY still makes a good carry trade at the right price. Here is the link:
Note
I entered a small test trade in AUDJPY before the rate decision, with the real trade below the market prices. I don't know what the Australian central bank will decide, but I am looking at the same information that they are looking at.If I am stopped out, then I have other orders waiting below at the outer trendline.
Trade closed: target reached
This plan worked out. Now, I am bearish on gold and the Australian currency.
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