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AUDJPY Trade Setup (Dec 10)

Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-12-10_16-36-28-AJ

I got knocked out with AUDJPY Long position!  😉

Let’s move on, and find the next Long opportunities.

Currently the price came back up 88.85.

Well, let’s buy this pair when the price comes down to 88.50.

Alternatively, if the price continues to go up and breaks 89.00, then let’s buy it at 89.00 after the pullback.

2015-12-10_16-36-28-AJ

Well, it’s so simply today.!

 

YJ Baik – Forex.Today @ Tokyo

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4 comments on “AUDJPY Trade Setup (Dec 10)”

  1. Profile photo of okita
        December 10, 2015

    hi yj, thanx for the post

    may i ask why u still look for buy set up? considering market brake significant low and support?

    1. Profile photo of Nick T
          December 10, 2015

      That’s an excellent questions. YJ, it would be great if you could post on your fundamental bias as well.

      1. Profile photo of YJ Baik - Forex.Today
            December 10, 2015

        Hi Nick,

        My bias for AUD is Bull, and JPY is Bear.

        But most importantly, this is the carry trade. So I only look to buy this pair.

        Best,

        YJ

    2. Profile photo of YJ Baik - Forex.Today
          December 10, 2015

      Hi Okita-san,
      Thanks for your question.
      The answer is simple. I am considering AUDJPY trade as Carry Trade. So I only look to buy.

      Regards,
      YJ

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