AUDJPY: 1:3.6 Risk Reward LONG
- Volatility within the western markets potentially may increase
- Could this appreciate the USD or will it strengthen the AUD with close ties to the CNY
Medium Risk Setup:
-Medium risk setup
- Limited exposure on position
Fundamentals:
- Logikfx quant score +20 AUD, - 40 JPY. JPY showed - 30 the day before, showing an increasing weakness shift.
- Trade has potential to shift to neutrality, more of a speculative one backed by logic.
- If scores continue to diverge, it can be a promising up trend.
- Could this appreciate the USD or will it strengthen the AUD with close ties to the CNY
Medium Risk Setup:
-Medium risk setup
- Limited exposure on position
Fundamentals:
- Logikfx quant score +20 AUD, - 40 JPY. JPY showed - 30 the day before, showing an increasing weakness shift.
- Trade has potential to shift to neutrality, more of a speculative one backed by logic.
- If scores continue to diverge, it can be a promising up trend.
Commento:
Take profit almost hit, scaling out accordingly.