🔍 In the 4-hour timeframe, AUDJPY is descending from the retest area of the broken ascending channel.
📊 We anticipate the pair to undergo a re-test of the key support levels highlighted on the chart.
📈 This trade decision is rooted in technical analysis and candlestick patterns.
🔄 As these are long-term trades, it's recommended to maintain sufficient margin to navigate market fluctuations. Employ proper risk management strategies based on your account size.
📌 Trading Rules:
1️⃣ Rule 1: Upon reaching Target 1, consider closing some trades or moving your STOP LOSS to the ENTRY price (break-even) for safer trading.
2️⃣ Rule 2: After achieving Target 1, avoid initiating new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for over 2 days, close the trade and patiently await the next opportune trade signal/alert.
👍🔄 Like and Share for More Insightful Content! 🚀
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.
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.