AUDJPY Long

Feb 1, 2017

Taking advantage of bullish price action happening in higher time-frame charts, especially with weaker JPY (as long as no talks about tapering yet), and recovering AUD. Setting a buy stop order now a few pips above the previous period base fib level (also a good hourly resistance).

dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2017/02/01/Japanese-Yen-May-Return-to-the-Offensive-on-Skittish-FOMC.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:euro_open

fxstreet.com/news/aud-jpy-recovery-stalls-at-daily-pivot-risk-off-at-full-steam-201701301002

D:


W:

Feb 2, 2017

Note

dailyfx.com/forex/market_alert/2017/02/02/Australian-Dollar-Leaps-on-Record-High-Trade-Surplus.html?DFXfeeds=forex:market_alert

Feb 2, 2017

Note

dailyfx.com/forex/fundamental/article/special_report/2017/02/02/Can-Exports-Keep-Australia-Recession-Proof.html?DFXfeeds=forex:fundamental:article:special_report

Feb 2, 2017

Note

Bullish pennant forming. Asuming no black swan or any major news event affecting AUDJPY in a different way and current sentiments stay, this pair should break past the base pivot line and continue going up by Sydney's open.

Feb 2, 2017

Note

dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2017/02/02/AUDUSD-Bull-Flag-Formation-Unfolds-Ahead-of-NFP-RBA-Rate-Decision.html?DFXfeeds=forex:fundamental:us_dollar_index:daily_dollar

If the pair doesn't hit the TPs before NY open or show sign of reversal, will manually close the trades.

Feb 3, 2017

Trade closed manually

dailyfx.com/forex/market_alert/2017/02/03/Aussie-Dollar-Slips-On-China-Caixin-PMI-Miss.html?DFXfeeds=forex:market_alert

AUDJPY starts going sideways after the China PMI news, so I'm manually closing my trade now to avoid getting whipsawed.

Feb 13, 2017

Note

It was a good thing I closed this trade already especially before NFP Friday else this could turn into a loss :(