AUDJPY late long entry on an exhaustion candle - forex leaning place

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The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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    Tuesday 5 September 2017

    Home AUD/JPY AUDJPY Pro Trading AUDJPY late long entry on an exhaustion candle

    AUDJPY late long entry on an exhaustion candle

    AUDJPY pair in H1 timeframe. I was following the pair but somehow I've got involved in mobile handling.

    I missed a good entry-level, even then I've entered the trade long.

    A bearish pinbar after sharp fall can make the price to retrace to the next resistance level drawn by daily pivot. Let's see what happens next.

    Happy trading.
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