Marenno
Long

$AUDJPY The price is showing long oportunities

FX:AUDJPY   Australian Dollar/Japanese Yen
The price is showing a long opportunities, on a 1H chart, and 1D chart, however the conflict remains on 4H,

The price is slightly below B point on a possible 1D Gartley , but due to a probability factor, the price is still in a "continuation North Area".

For details please research a chart, but for a long entry our compass is yesterday's pivots, SL's below the y-day's low, and target at about 90.50 area.

Entry depends on entry methodology. (at the moment the RR is quite high)

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FullTimeTrader
a year ago
Agree, long opportunities here. Its better to focus only on one TF and use other only as confirmation. Price moves in waves and there will be always short setups on lower TF. Regards.
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Marenno PRO FullTimeTrader
a year ago
Totally agree, otherwise the cycles will be messed up. I'm using 15 min for trading, but other time frames are giving a better view. Well, I'm sure I'm just repeating your words :)
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Marenno PRO Marenno
a year ago
Also, I would liekt o ask, that Following the map on a smaller time frame doesn't allow to Use a higher grade stop loss and targets
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Marenno PRO Marenno
a year ago
not "ask" but ADD
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