Trade Ideas

AUD/JPY swingers: I won’t be selling this rally

This pair has been good to me over the last week as I’ve been selling rallies towards 102.85 and covering bigger dips back towards 101.00.

The signs aren’t as strong as they were earlier, (with the double-top neckline failing to hold, USD/JPY back near 100.00 and AUD/USD support beginning to form), so I will not be selling this rally preferring to look elsewhere for swing trades.

Support levels in EUR/GBP near .8500 held nicely and I’m still playing the buy-dip swing here, only looking for 60 pips if I can get them 🙂

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