AUDJPY LONG.

We lost on our last trade...that's trading for you. You lose some, you win some. The most important thing is how you manage your losses that's paramount. We need to always put money management first. We only risked little on that trade so it didn't really hurt much.

Here's what we see on AUDJPY. We see a BUTTERFLY/BAT Convergence. Our Fib convergences are 161.8 of AB, AB=CD, 88.6 of XA and daily support. We advice this time that we wait for confirmation to take this trade at 81.35. Candle stick formation will be preferable. Once we have the confirmation, please put stop 15pips below confirmation.

DO NOT RISK MORE THAN 1% ON THIS TRADE. THANKS.