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piptank
18 feb 2015 18:29

Long at Support Resistance Level $AUD $JPY #forex Lång

Australian Dollar/Japanese YenFXCM

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I bought a small position on AUDJPY. Why? The price hit major support level. The risk reward ratio is good. Tomorrow Japan is going to publish some important data e.g. Trade Balance, Imports/Exports and Foreign Investments. You can wait for conformation. But I think from a technical point it is OK to go long.
Entry: 92.800
TP1: 94.00
TP2: 95.65
SL: 90.7
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