See daily chart of AUDJPY below for the discussion that follows.
Many of the JPY pairs has been trending strongly for the last couple of weeks. AUDJPY, which is one of them, is currently testing a recent swing high as support (prior resistance). The last two candles are also small bodied candles which indicates indecision which I like. I’m will be looking to go long here if I see bullish price action / candles as per my strategy.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
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Thanks and Regards,
Trading SOS SOS