AUDJPY STRATEGY
5/16 Update
Reaching the key support of 75.20
We may see a flash crash again as per history
so those who are in a bullish position,
make sure you have enough in your account to wait it out without getting liquidated.
If 75 holds, you can consider starting buying as the pair goes up.
5/21 update
The pair may be forming a double bottom.
The fundamentals behind it are:
- AU's election results with the conservative party winning
- US-China trade war talks have slowed a bit
The trading idea (high risk)
Buy at the current price
TP: 79, 81
Get my trading strategies: learn.investdiva.com/start
Reaching the key support of 75.20
We may see a flash crash again as per history
so those who are in a bullish position,
make sure you have enough in your account to wait it out without getting liquidated.
If 75 holds, you can consider starting buying as the pair goes up.
5/21 update
The pair may be forming a double bottom.
The fundamentals behind it are:
- AU's election results with the conservative party winning
- US-China trade war talks have slowed a bit
The trading idea (high risk)
Buy at the current price
TP: 79, 81
Get my trading strategies: learn.investdiva.com/start
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.