AUD/JPY – Short Trade

Here is a short trade with an initial target of 20 pips. The result was about half that. The Take Profit Limit Order was moved higher. For whatever reason(s), after I was in the trade I wasn’t as convinced it would get there before bouncing. It did get to the initial 20+ pips and more without much of an issue. Now it is up 50+ pips from that 23.6 Fib level

Bitcoin was up 12%. I exited the positions I had.