AudJpy- A sell trade with great risk:rewardAfter a first leg down of 150 pips, AudJpy has recovered and now is trading again above 80 important figure.
The rise from 79.50 is in a rising wedge though, indicating a lack of impulse.
A break under the support line of this wedge could be a confirmation of a new leg down and such a trade can have a great 1:4 risk: reward ratio.
Audjpytradingsetup
AUDJPYPrice reached the main level 68.50 and at this level, short traders reacted.
I'm expecting that this pair will drop at least to 66.50 level.
I will try to go SHORT with every correction.
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
AUDJPY TP AT 72.00HI, TRADERS
MY NAME IS KD,
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
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Trading Pathways Analysis of AUDJPY H4 Chart
The outlined white arrow pathway is the predicted pathway that the AUDJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where AUDJPY will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways