AUDJPY long term buy opportunity

FX:AUDJPY   Australian Dollar / Japanese Yen
AUDJPY             looks finished with its down move and now preparing to take off. This is a big move, which once passed through resistance will land at Target A and even further to Target B. As the demand zone is just below the strong support, there is a great R/R ratio here. Enjoy your flight :)
Comment: Move SL at cost, or book your profit for short trade. Enjoy :)
Trade closed: target reached: Cheers !! Enjoy the pips :)
Should we wait to go Long from demand zone or is it safe to go long from strong support zone?
Why should one chose one over the other?
Kindly watch my webinar on this topic to get a detaied reply.
What is your reason for suggesting the down move may have ended?
Rocketman asferruzzi
You are like me. You need more than a chart to tell you what you need to know. Here is something that goes beyond the chart and beyond volume:
Daniel-Malik Rocketman
Underestimating the power of Volume is not a good thing for a seasoned trader. Elliot wave is a charm, agreed but there aare more factors which contribute for the strength and weakning of Dollar index. I hope you know them well.
Rocketman Daniel-Malik
I agree with you. Oh! This is not Elliott Wave. You are right, I never underestimate the power of looking at volume. I always used it in trading stocks, just started to incorporate it into forex. There is something even more powerful than volume though, as you know is a piece to the puzzle. If traders would only open their eyes and get their head out of a chart, then they would be more profitable.
+1 Reply
Co-pilot to Capt Dan, ready for take off soon, watching for upward movement, thanks Mate
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