sedemmler

AUDJPY Nice Risk/Reward Set Up

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
0
Grab a long now, pop the s/l at 92.90 and t/p at 94.20. As of the time I'm publishing this that's a 3:1 risk/reward. The Aussie got its teeth kicked in on the Chinese bank bad loan catalyst. I think as long as the trend remains up we're near the bottom.

For what it's worth, my money is where my mouth is. Long at 93.28 with the above stop/limit in place.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.