AUDJPY Trade

Given the dovish statement from Fed Chair Powell, the stock market has swung back to positive territory and it looks like risk on again.

AUDJPY had a spike up and this play is a bet on the initial move to carry through till at least the daily R1 pivot point.

Have opened a small 0.05 lot long position at 75.506. TP: 75.771 SL: 75.308

A decent R:R greater than 1:1. There's also divergence in the stochs on the 30 Min if you're into that sort of thing.