Long at Support Resistance Level $AUD $JPY #forex

18 Şub 2015

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