j_wst

AUDJPY INDEPTH ANALYSIS

Short
OANDA:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY:Trade missed sl by 5 pips lets capitalism on this after looking closer at the pair we see a double top is formed and a nice M formation has been formed. Our intial tp is at 80 pips profit some of us secured this . We can take a swing trade by changing on of our tps to the lower lower highs at 68.000 giving us a nice 1:5 risk to reward ratio. TP1:69.000 (80 PIPS) TP2:68.000(180 PIPS )
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