Audjpybuy
AUD/JPY, DAY CHART, LONG (18-DEC-2016)Note: AUD/JPY follows what we predicted last week.
Overall, we are still bullish on this pair unless it
breaks the support zone at 86.0x level and the
20-EMA line.
Our trading plan:
Waiting for a strong bullish signal bounce back
from the support zone is a good signal to long!
Caution: The BOJ Policy rate on Tuesday!
AUDJPY buy for 225 pipsI'm publishing for personal reasons to keep track of my positions for analysis later.
Daily kumo closed above the kumo cloud. This can possibly mean a further upward move.
4hr is in a trending upward move. Prize is breaking 1hr cloud. Let's go.
Opening this trade with a slightly better r:r. Lets see how it goes.
Edit: on this tf tp might look ridiculous but position is actually opened on daily breakout. 1hr gives the good entry.