AUDJPY - Trend Continuation opportunity @ previous structure

8 Feb 2016

The overall trend of this pair is very bearish. We recently have put in a high put did not violate previous structure.

Last Friday we broke the structure around 84.0 and are now retracing back into it, a nice opportunity to join the trend.
Stops above 85.25 should be sufficient, and the downside potential is pretty big. When looking just for a retracement into previous lows we have almost a 3:1 RR ratio.

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Good luck !

8 Feb 2016

Pesanan dibatalkan

Due to a strong Yen the trade was never triggered and orders have been cancelled. Looking for the next One Good Trade.