Hey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation. As always we will have to wait for a confirmation!
AUD/JPY: Daytrade-Preparationn
Market-Sell: 79.570
Stop-Loss: 79.770
Point of Risk-Reduction: 79.370
Take-Profit: 78.600
Stop-Loss: 20 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
LEAVE A LIKE AND A...
AJ on the weekly timeframe, according to Marketmilk, shows that the AUD is in the red, while JPY is in the green. Here is a potential sell setup based on the highest timeframe, such as the daily timeframe. If you see something different in this market, feel free to comment below.
AJ on the daily timeframe is showing a confirmed downtrend, resulting in this trade setup. If you believe that there is a better setup, please let me know.
Audjpy (according to Babypips Marketmilk) has been on a strong sell market. Bears have been pushing the pair down since Friday. MA's crossed over, confirming the downtrend. If you'd like to ride this market's current short, use proper risk management.
dld
