AUDJPY: Sell Setup With Great R/R Ratio
Price is in a consolidation at a level where we might have a reversal. Overall price is moving in a correction after an impulse to the down and the next impulse is expected. We should enter the market at the time price retests the upper parallel of the median line with stoploss above previous swing point. As for tp we should aim the upper quartile and the ml of the set.
Trade ist aktiv