surefire-ltd

Bearish engulfing in play

Short
FX:AUDJPY   Australian Dollar / Japanese Yen
AUD/JPY has been on a bullish run for most of may, this signal however looks to take advantage of a potential short term retracement, as always money management is key, risk reward in this case is at 1:1 given that no recent obvious structure is present. Will be moving stops to Target if it hits, keep them tight at first.

Lets hear your thoughts !

Happy trading
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