See the the daily chart of AUDJPY below for the discussion that follows.
AUDJPY is approaching an area of resistance. If price gets there and I see bearish candlestick price action, I will likely go short.
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 / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
