SergeantPringles

AUDJPY - Gartley inside Gartley

Long
FX:AUDJPY   Australian Dollar / Japanese Yen
71 views
7
Im already long in another XJPY pair so im not trading this since i dont wanna be in too many longterm trades anyway. but i will pay close attention to it so see some indication for a reversal on the lower timeframe (1h - 4h) to maybe trade this then.
Keep in mind that the recent trend is still down. so it would be countertrend at least from this high point of view. but since it has been struggling to break lower this year, we might still see the desired rejection here.
Comment: we already saw a bit of a rejection in the interesting area, so might be a good idea to start looking for longs. one simple "trend"-trade is currently avaiable on the 5m. im waiting for a bit of a deeper retracment then we currently have. but since the stops only needs to go below the recent swing, the RRR would be pretty good here, assuming we aim for the market goin higher from here.

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