AUDJPY: Low RR Buy
The current correction is moving slowly and spending more time than previous impulse. So, I can define the current wave is a corrective one.
The price action moves nearby the top of wave 1, the favorite zone to buy with low RR.
Idea: Waiting for breaking of correction channel to buy OR buy right now and put a stop loss some pips bellow peak of wave 1.
The price action moves nearby the top of wave 1, the favorite zone to buy with low RR.
Idea: Waiting for breaking of correction channel to buy OR buy right now and put a stop loss some pips bellow peak of wave 1.
Trade active
Trade closed: stop reached
Stop reached. I still wait for break out and buy!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.