🔍 In the 4-hour timeframe, AUDJPY is descending from the retest area of the broken ascending channel.
📊 We anticipate the pair to undergo a re-test of the key support levels highlighted on the chart.
📈 This trade decision is rooted in technical analysis and candlestick patterns.
🔄 As these are long-term trades, it's recommended to maintain sufficient margin to navigate market fluctuations. Employ proper risk management strategies based on your account size.
📌 Trading Rules:
1️⃣ Rule 1: Upon reaching Target 1, consider closing some trades or moving your STOP LOSS to the ENTRY price (break-even) for safer trading.
2️⃣ Rule 2: After achieving Target 1, avoid initiating new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for over 2 days, close the trade and patiently await the next opportune trade signal/alert.
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