AUDJPY Short for 1:5 Risk to Reward

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Buying YEN has been a risk for the past few months. In fact, it is the best time to go to Japan as the YEN is super weak.

Having said that, we have a good opportunity to sell AUDJPY now. The risk rewards makes sense and here are the reasons.

1) Daily Divergence is present
2) There is a harmonic pattern to sell at 98.50
3) Strong resistance

Stop loss would be just 30 pips and we are targeting about 150 pips in rewards.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.