AUD/JPY LONG
Updated
AUD/JPY LONG
The AUD/JPY remains strong in an INTERMEDIATE UPTREND with the Bullish trend remaining well above the 50MA.
An immediate buy is recommended with a major 4 Hour and Daily Resistance expected at around 77.681. Our profit target will be just below this major resistance at 77.500
Recommended Entry
Immediate LONG once market opens on Monday. Movement currently well within the Parallel Bull Channel which serves as a support and resistance indication. This is a Market Correction Entry.
Entry:
Immediate Entry at around 75.817
Take Profit:
Take Profit at around 77.500
Stop Loss:
Stop Loss at around 75.270
Good Luck – Trade Responsible
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
The AUD/JPY remains strong in an INTERMEDIATE UPTREND with the Bullish trend remaining well above the 50MA.
An immediate buy is recommended with a major 4 Hour and Daily Resistance expected at around 77.681. Our profit target will be just below this major resistance at 77.500
Recommended Entry
Immediate LONG once market opens on Monday. Movement currently well within the Parallel Bull Channel which serves as a support and resistance indication. This is a Market Correction Entry.
Entry:
Immediate Entry at around 75.817
Take Profit:
Take Profit at around 77.500
Stop Loss:
Stop Loss at around 75.270
Good Luck – Trade Responsible
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
Trade closed: stop reached
Stopped out
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