Trade ideas
setup with liquidityKEY TAKEAWAYS
The five-minute momo strategy is designed to help forex traders play reversals and stay in the position as prices trend in a new direction.
The strategy relies on exponential moving averages and the MACD indicator.
As the trend is unfolding, stop-loss orders and trailing stops are used to protect profits.
As within any system based on technical indicators, the 5-Minute Momo isn't foolproof and results will vary depending on market conditions
AUDJPY Sell trade opportunitiesAUDJPY Sell trade opportunities
AUDJPY currently bearish trend and is expecting to break out if it closes below the support area with a very strong Bearish candle then the market will be further moving into a bearish phase after confirmation of a breakout wait to retracement then enter in sell trade with a very good risk rewards
"Always trade with Stop Loss"
SHORTING OPPORTUNITY IN AUDJPYAUDJPY broke head and shoulders pattern in D and 4H . i will look for a retracement to enter during pull back . Since JPY is trading strong i am expecting good bearish movement .
i will enter in lower time frames like 1H after seeing confirmation from candlestick
I COULD BE 100% WRONG IF U FOLLOW MY TRADE IDEAS KINDLY MAINTAIN A MAX SL OF 0.50%
AUDJPY Trading Plan - 16/Mar/2022Hello Traders,
Hope you all are doing good!!
I expect AJ to go Down after completing the bigger correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
💡Don't miss the great buy opportunity in AUDJPY
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (84.353).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71
Take Profits:
TP1= @ 85.039
TP2= @ 85.495
TP3= @ 85.962
TP4= @ 86.241
TP5= @ 86.610
SL= Break below S2
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