AUD/JPY: Selling at the top of the structure
Hi guys,
The pair is currently in a flag and I think it could be a good idea go sell it at these levels.
It has not tested yet the previous resistance which should act as a support now at around 68.800.
So the idea would be to sell @ the market and to let the trade go.
Stop loss could be set somewhere above the flag. Since the markets are volatile I am not putting any SL and will monitor the position in case it goes against me.
Cheers
Jesse
*** Trade at your own risk ***
The pair is currently in a flag and I think it could be a good idea go sell it at these levels.
It has not tested yet the previous resistance which should act as a support now at around 68.800.
So the idea would be to sell @ the market and to let the trade go.
Stop loss could be set somewhere above the flag. Since the markets are volatile I am not putting any SL and will monitor the position in case it goes against me.
Cheers
Jesse
*** Trade at your own risk ***
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