This is my analysis on AUD/JPY
I think there is almost no risk opening this position since the chances are strong and realistic that its going up. Quality trades over Quantity, that how I always trade.
Feel free to copy this position, I'll keep you guys up to date on if the position is still valid , when i'm closing etc..
I do not advice you to take a big lot position since this is a flowtrade position and I'm planning to keep it and let it breath for quite a long time (also on weekends)!
- As you can see, this pair broke the daily trendline which now is a support trendline instead of resistance.
This pair is at a crucial and major support region right, it should go up really quick.
It recently sligthly broke the Monthly Trendline, but jumped up again quick, this is why it think this was a false movement (fake out) and why we are heading back up +600
I think there is almost no risk opening this position since the chances are strong and realistic that its going up. Quality trades over Quantity, that how I always trade.
Feel free to copy this position, I'll keep you guys up to date on if the position is still valid , when i'm closing etc..
I do not advice you to take a big lot position since this is a flowtrade position and I'm planning to keep it and let it breath for quite a long time (also on weekends)!
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