Wednesday, 6 April 2016

AUDJPY

AUDJPY
The pair is in a downtrend.  Wait for entry signal - break of counter trendline with close bearish candle. 
Enter trade Selling pair. Place Stop 10 pips beyond current high and place Limit on a 1: 3 Risk Reward ratio.

For Fibonacci traders,  the market is almost at its D extension,  after which it well make a new Low and begin too rally into a retracement in the New A-B boundary.

To your trading success, Fx-Kalapanzy

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