FX:AUDJPY   Australian Dollar / Japanese Yen
THE FUNDAMENTALS ARE SAYING THAT AUD IS STRONG AND JPY IS WEAK. ON LARGER SITE THE TREND IS STILL DOWN AND IT LOOKS LIKE A PULLBACK BUT ITS A PULLBACK WITH A TIGHT CHANNEL FORMING AND NEAREST RESISTANCE IS LITTLE FAR FROM MY TP. AND IN THIS CHANNEL; DURING PULLBACK THE DIGESTION IS TAKING PLACE(15 MIN. TIMEFRAME) AND THEN THERE IS A RANGE FORMING. SO I ENTERED. NOW let's SEE WHAT HAPPEN. AND YES MORE THING AS SOON AS MARKET GOES LITTLE BIT UP I WILL MOVE MY SL TO THE SAFE ZONE.
Trade active:
TRADE IS STILL GOING FINE
Comment:
MOVED MY SL ABOVE ENTRY LEVEL
Trade closed: target reached:
MY TP HIT. GOOD PROFIT
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