jbourgault
Short

AUDJPY Short (where to enter...15 min timeframe)

FX:AUDJPY   Australischer Dollar/Japanischer Yen
38 0 6
Correction on all JPY pairs has started.

My favorite pairs to trade this correction will be GBPJPY             and AUDJPY             . There might some good profit taking on USDJPY             but for now I'll prefer to stick with fundamentaly weaker currencies for this short.

For GBPJPY             , I already shorted the pair at 146.

For AUDJPY             , I'll wait for the price to go back up to previous support/resistance level around the 0.236 fib retracement level at 85.30.

Entry : 85.3
Stop loss : 86.2 (couple pips over the 0.618 fib level + 86 being a round number)
Target : TBD (will be based on previous support with at least a 2/1 risk ratio)
Order storniert
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