I got knocked out with AUDJPY Long position!  😉

Let’s move on, and find the next Long opportunities.

Currently the price came back up 88.85.

Well, let’s buy this pair when the price comes down to 88.50.

Alternatively, if the price continues to go up and breaks 89.00, then let’s buy it at 89.00 after the pullback.

2015-12-10_16-36-28-AJ

Well, it’s so simply today.!

 

YJ Baik – Forex.Today @ Tokyo

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About The Forex Analyst

YJ is a technical analyst for the Asian Office of Forex.Today He has been trading the Nikkei and Forex since 2007. He now specializes in the Japanese Yen. YJ also worked for CitiBank to develop their realtime FX trading systems.

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4 thoughts on “AUDJPY Trade Setup (Dec 10)”

  1. okita says:
    December 10, 2015 at 6:20 am

    hi yj, thanx for the post

    may i ask why u still look for buy set up? considering market brake significant low and support?

    1. Nick T says:
      December 10, 2015 at 4:44 pm

      That’s an excellent questions. YJ, it would be great if you could post on your fundamental bias as well.

      1. YJ Baik - Forex.Today says:
        December 10, 2015 at 11:42 pm

        Hi Nick,

        My bias for AUD is Bull, and JPY is Bear.

        But most importantly, this is the carry trade. So I only look to buy this pair.

        Best,

        YJ

    2. YJ Baik - Forex.Today says:
      December 10, 2015 at 11:40 pm

      Hi Okita-san,
      Thanks for your question.
      The answer is simple. I am considering AUDJPY trade as Carry Trade. So I only look to buy.

      Regards,
      YJ

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