AUD/JPY: Long position; update
In this update, I made an analysis in the morning today that I see a potential long position in AUD/JPY to find up long position.
So, I will decide to run this trade until next week. Remember you're early to entry in the long position in AUD/JPY. So, I entry price was $94.58 JPY. Stop Loss to $93.89 JPY (53 pips) and take profit toward $95.60 JPY (Update) (103 pips). So, we have this opportunity in our hand to buy early now and hold this long position until next week. Technically, AUD/JPY forming a bullish channel and after this drop that was this week, we're in the good zone to buy.
Any loss or earn, will be accredited for November, as we're going to start a new month. What I don't make any review in this analysis until closed up one of my two direction, loss or earn.
Good luck!!!
In H1 timeframe look bullish for this side, with a lot potential to continue up.
And in H4, the price still bullish in this range formed, what we see a lot potential to the upside movement.
So, I will decide to run this trade until next week. Remember you're early to entry in the long position in AUD/JPY. So, I entry price was $94.58 JPY. Stop Loss to $93.89 JPY (53 pips) and take profit toward $95.60 JPY (Update) (103 pips). So, we have this opportunity in our hand to buy early now and hold this long position until next week. Technically, AUD/JPY forming a bullish channel and after this drop that was this week, we're in the good zone to buy.
Any loss or earn, will be accredited for November, as we're going to start a new month. What I don't make any review in this analysis until closed up one of my two direction, loss or earn.
Good luck!!!
In H1 timeframe look bullish for this side, with a lot potential to continue up.
And in H4, the price still bullish in this range formed, what we see a lot potential to the upside movement.
