AudJpy- Buy for this session (my opinion)

My Setup is:

Stop: 80 pips lower at 93.449

Entry: 94.249 (right now price has not hit my entry, so just set a buy limit above current prices and a stop limit at target/exit.

Target (Wick Fills of last three candles): 95.049

Yes, this is a 1:1 RR or Risk Reward

80 Box related to using Daily Time Frame

Double Pitchfork indicators- shows buying is stronger related to current trend is up and continuing this trend has more probabilities at this time.

Have Plan/ Trade Plan

Risk Management is always #1

Trading Forex is not about the pips per trade you make, but the risk per trade you take. If you have a high win rate, then 1:1 RR is okay- but if you do not have a 70% plus win rate- then look for setups with a 1:2 or higher RR per trade. Adjust your lot sizes to you risk reward per trade, should be 1% to 2% of account.

Stay Calm & Trade On!!!

Trade ist aktiv:

PA is going northbound or in right direction, could either close trade at end of today and/or swing trade into next session. Still a lot of room to continue going up per the daily timeframe and three candle wicks to the left.

Trade ist aktiv:

Still in this trade, will swing it into next session. I do this 5% of time, mostly on Mon-Tues and/or Tues-Weds. Keep on keeping on-

Trade geschlossen: Ziel wurde erreicht:

closed trade, swung it until hit target. Hope all are doing great.