I feel odds are in its favor based off of indicators.
CHF/JPY Technical based long
AUD/CAD Technical based long
Short idea triggered due to the rejection of the weekly resistance level, as well as other factors.
Reversal based short, Technical trade, fundamentals not considered on this one to any great degree.
Criteria has been met so took the long. Lets see what happens. USD PPI tomorrow, good result should give it a shove.
A strong area of support has been identified and I will be watching PA as it approaches and moves to this area, the candle sticks will be used to tell if there will be a shift and redirection of price, along with the RSI. given the nature of this pair I am expecting wicks beyond this zone but no candle to close beyond it, that would invalidate the idea and result...
Break above major level, current bullish momentum, low risk, waiting for entry OANDA:AUDJPY