Trade photo

It's another 40 pip stop loss, 60 pip profit target...'risk on' trade, based on the current soft landing narrative. The AUD is my preferred long due to still hawkish RBA, combined with china's attempt to boost its economy.

The JPY is currently the weakest of the 'risk off' currencies.

The risk to the trade is 'out of the blue' negative sentiment.

Feel free to email any questions: johnelfedforexblog@gmail.com