AUD/JPY - 1D - Fakeout and return to equilibrium
Another pair we could be too late on,
Fakeout above previous highs,
30th December presented a perfect bearish engulfing candle
fine has fell through very nicely since, we would hope to see a pullback over the next week or two to enter at a nice risk reward ratio
Be patient, my trades can take anywhere between 3 - 30 days to complete, we are trading high probably setups here. Drawdown will present no problems with my system if you use the correct Risk management strategy for your account size.
Good luck :)
Fakeout above previous highs,
30th December presented a perfect bearish engulfing candle
fine has fell through very nicely since, we would hope to see a pullback over the next week or two to enter at a nice risk reward ratio
Be patient, my trades can take anywhere between 3 - 30 days to complete, we are trading high probably setups here. Drawdown will present no problems with my system if you use the correct Risk management strategy for your account size.
Good luck :)
Comment:
price moving nicely in our direction, hopefully we will see equilibrium reached this week!