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Hedge strategy in forex for AUDJPY currency pair
The Japanese Yen strengthened strongly in the Forex currency market after the publication of economic news. These forex news have set in motion currency pairs that are traded with the Yen. FX traders are actively involved in trading, judging by the increasing order volumes. Wave the forex trading signal to sell the currency pair as soon as it falls below the flat level of 88.00.
Symbol: AUDJPY
Order Type: Pending Order - Sell Stop
Entry Price at 88.00
Take Profit at 87.30
Pips Earning: 70
Trading fx options:
EURUSD buy at the price of 1.0660
USDJPY sell at the price of 132.00
GBPUSD buy at the price of 1.2220
USDCHF sell at the price of 0.9240
The result of a trade recommendation: