AUDJPY (8H): Opportunity for a controlled loss

FX:AUDJPY   Australian Dollar / Japanese Yen
Yep - nobody likes to hear about losses. But there is no way to gain in the markets without taking the risk of loss. Can you afford it? If not leave it alone.

1 - zone of congestion.
2 - near fib 50%
3 - near ATR on 8h.

Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Comment: Those who shorted cautiously on a lower time frame are doing well. Don't forget to take some profits. 😂
Comment: On a lower time frame - 30 min
Comment: The struggle
Tip of the day: if you're shorting anything do it at the peak of something to minimise risk of being scalloped. [Different perspective on the virus ]


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