Short

AUDJPY - 115 and 280 PIP short

Updated

Very good trade setup. It is wise to wait a little bit for the price to fall, then start selling. Both target 1 and 2 should be reached and I think it is best to close at least half of your position at target 1.
We are still very early in the movement, I'll keep you informed on the targets.

Trade active

We are at 87.91 now.

Consider exiting your position now. If you are more greedy there are two more targets:
87.88 and 87.75. After that we should get rebound.

Note

+106 PIPs is the result of first short to primary target.
We now wait for correction and possibly reentering the market.

Trade active

@88.14 - 23.01 14:50 UTC
End of corrective movement should be around 88.35, wait for reversal and start shorting.

Note

@88.33 - 24.01 12:27 UTC
The peak of correction will probably hit 88.45-88.5. It is good point for entry, or if you are more safe, wait for downward movement confirmation.

Note

If you haven't entered, 88.3-88.35 would be good target to start shorting.

Trade closed: target reached

thewhitefox

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