Long AUDJPY @ 98.49

15.20 hrs

Although I was stopped out of my AUDUSD long trade almost at the lowest levels of the day (need to re-think stop levels!) the price action has been a classic stop hunt. I am therefore going long again, as the 4hr chart has developed a nice inverse hammer here. But this time, I am going long the AUDJPY which should get a turbo boost from a combination of long AUDUSD and long USDJPY.

Long 2 lots ($22/pip) AUDJPY at 98.49, with a stop at 97.95.

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