AUD/JPY Doji confirmation

So the next candle has closed above the doji high. This could be considered confirmation of a reversal. I have an example demo account trade shown in this chart with entry a bit above the high of the confirmation candle and a stop loss under the doji (200pips). The risk to the account is kept to under 1%. This is just an example of how a trade might be placed and there are other options to be sure. Another entry might be a market order (immediate entry) with a SL just below the confirmation candle. Others may use even still a larger SL if they can still keep the risk to a level they are comfortable with.

This is NOT a trade recommendation. If you are trading please know your risk or use a demo account.