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 :)
Move SL at cost, or book your profit for short trade. Enjoy :)
Trade closed: target reached:
Cheers !! Enjoy the pips :)
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.
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.