AUDJPY: Long Trade against the Main Trend
The price bounced from the support zone. RSI and MACD confirmed the price reversal. It gives us a buying opportunity in spite of the bearish trend.
Here is an example of a long trade:
Buy above 76.250
Stop below 76.150
Profit Targets are at SMAs and 76.750
Risk per trade must be no more than 1% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a long trade:
Buy above 76.250
Stop below 76.150
Profit Targets are at SMAs and 76.750
Risk per trade must be no more than 1% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.