FX:AUDJPY   Australian Dollar / Japanese Yen
830 10 15
This is and ideal long entry according to elliott waves .

- Base channel acting as support for wave 4
- 0.38 fib retracement

If you are not trading any AUD related pair can open a long position using this setup.
We must disciplined and do not overexpose our account.
I did that mistake before the China crisis and suffered a big loss on my account. The news were so unexpected!!

Regards.
FullTimeTrader moorekapital
Hello, thanks for sharing, i know some traders expect a big decline for here, i respect it. My main point of view is that price already bottomed, i will look for longs here or lower. Regards.
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IvanLabrie FullTimeTrader
Agreed, I don't see the sell honestly.
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moorekapital FullTimeTrader
I'm a seller upon price disconnection from the mode.

Until then, No trade. ;)
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Here's my little add on due to the current situation:
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Hi there

Expecting a possible Gartley retracement then a push to continue bullish momentum. Sounds plausible ?

+1 Reply
Hello, i prefer to trade harmonic pattern with clear waves (top and bottoms), my opinion is that some trader take any swing as reference trying to "force" a pattern. I respect that trading style off course.
+1 Reply
you did not put your stoploss?
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FXKOPPA FXKOPPA
****************** I did that mistake before the China crisis and suffered a big loss on my account. The news were so unexpected!! *********
Reply
I overexposed my account trading related AUD pairs and others that were affected after the news. Before that i felt too confident and opened positions using more lots than usually.
+1 Reply
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