AUD/JPY profit from carry trading
Hi Traders, It’s been some weeks when the market gone berserk. Some say that there is risk aversion on carry trade, economists says that carry trading is unwinding. So what is happening? Is that true? But my charts say otherwise. It is the favorite currency pair of all time, the AUD/JPY. Let’s look at the Daily chart now.

If you are a follower of my blog, you will have absolutely no problem following this trade. I have explained before in my previous posts that this currency pair requires no extra maintenance. Once the price moves down to a good support and resistance, watch out for the Williams % R indicator or RSI. If the Williams % R or RSI has moved into the oversold area, it is the time to BUY. Never never never short a carry trade curency pair, if you ever do, you will be sorry. When traders or investors used a specific currency pair for carry trading, the flow is always up, and uptrend; so if you swim against the current you will be drowned!
This is exactly what happened to the AUD/JPY a few days ago, the price went down to hit a good support and resistance on 100.30 area, this is where you get in. See how the price moved up, it is a 200pips trade in a few days. Not too bad for a no brainer trade. Like I said, do your due dillegence, do your own homework. Sometimes if you are too careful you will miss a lot of opportunities, Analysis Paralysis, sounds familiar? Anyway, if you miss this trade, you should not feel bad, the market will always be there tomorrow. So keep looking.
Trade Well
ps. click for previous posts on aud/jpy for carry trade trading.




















