Australian Dollar / Japanese Yen
Long
Updated

Another good chance on AUDJPY!

47
Morning traders,
As you can see after a decent rally this pair pulled back and touched the 50EMA and reversed with a bullish engulfed candle which suggest another bullish run at least to make a double top if not more. I have gone long on this one and marked the tp where the double top is.

Let me know if you agree or disagree and I would like to know your views as well.

Trade safe and good luck.
Trade active
Moved my sl to entry level.
Trade closed manually
Seems like it is reversing on a smaller time frame so closed with 40 pips profit.

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.