Trade Idea: AUDJPY BUY Signal
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 2.5
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any...
As you can see AUDJPY has forming Higher high and breaking Break of structure (BOS) and we can expect some fall up to drawn trend line (support) later it will go up and forms the new (BOS) in this scenario Plan for buying side after the pullback. Plan your trade accordingly....
1. Read the chart precisely
2. Mark all the important price levels
3. Enter when 4hr momentum goes up (10ema crossing 20ema)
4. SL - 10-15 pips below the weekly support
5. Best entry on Monday when market opens again
ALL THE BEST!
The fundamental factor causing the negative pressure on JPY and the industrial outputs are stumbling and BOJ are in the verge to cut the rates in coming months
this pair currently trading at 76.350 level and may retrace back towards 75.850
There we may open the buy orders and potential take profit will be 78.650. Its a 280 pips target.
Stop lose may placed...