POTENTIAL LONG TRADE SET UP FOR AUDJPY
We have an impulsive phase previously to the upside before the corrective phase came into play.
I want to believe that the price is getting ready to break out of the corrective phase again to the upside.
Let's wait for the breakout confirmation and look for continuation correction on the LTF's before going long.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
I want to believe that the price is getting ready to break out of the corrective phase again to the upside.
Let's wait for the breakout confirmation and look for continuation correction on the LTF's before going long.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!