AUD/JPY, reasons why to take the trade.
Here is a bit more explainable content of why i think you should buy this pair.
Here is 4 reasons why i think you should take this trade:
1. It breaks above EMA 200 and is now therefore considered a uptrend
2. It retested a significant level wich now acts as a support. ( you could put your stoploss under this level. ) ( take profit would be at about previous structure high i think )
3. The macd-indicator indicates that a new trend is about to get borned on the daily timeframe.
4. it has a good bullish momentum on the daily timeframe. ( but not on the weekly )
Here is 4 reasons why i think you should take this trade:
1. It breaks above EMA 200 and is now therefore considered a uptrend
2. It retested a significant level wich now acts as a support. ( you could put your stoploss under this level. ) ( take profit would be at about previous structure high i think )
3. The macd-indicator indicates that a new trend is about to get borned on the daily timeframe.
4. it has a good bullish momentum on the daily timeframe. ( but not on the weekly )
Trade closed manually