I'm not feeling well today and went to Clinic this morning. The doctor is very compassionate enough to give an
"MC" , so that I don't need t go to work .But let put that aside and let get to business.
For today trade I decided to sell AUDJPY because I believe there is still room for further declines and this justified by my system that I have been using until now.
Based on the chat, this pair is likely to declines further as:
- All my 200 moving averages are pointing south
- The price is still below the ichimoku cloud which signifies bearish trend
- The pair is creating LH and LLs
- The CCI has shown an overbought position which i believe the bull may loose its steam later on;
So, based on this rational, I embarked on selling the pair with 2 position at price 80.08. Let see if I can pocket some green pips with this trade.