Australian Dollar / Japanese Yen
Long
Updated

AUDJPY Long Trade Setup

184
Hello traders.

I'm expecting either daily X wave and one more down move or totally upside, which will break the previous top.
snapshot

I believe taking a long trade will be a good idea in both cases. As you can see, a correction is in the making. So, I put an entry order. Minimum target is the completion of daily X wave.

Trade with care...
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I hope it will make a correction before it tags my entry order. Taking a long trade with a pending order after such a sharp up move is dangerous.
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The drop doesn't look good. If it makes a correction I will close my trade with a small loss. Otherwise, win or loss, I won't touch it.
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Trade active
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Finally. You can leave it alone or move your stop loss to breakeven. I'm doing anything.
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*I'm not doing anything.

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