AUDJPY Trade idea (education purpose) mon 3Jul 66
AUD/JPY in daily chart show strong bullish momentum
In 4 H timeframes, the price just make a bullish correction and just broke out of flag pattern
as well as ema crossover indicate bullish momentum.
I entry at the breakout of trend line and stoploss below the zone
the risk reward is 3.
the target, i use fibonacci projection to measure the tp (0.786)
Confluence : retail sentiment Short 86 % and Long 14%
Therefore, this is match my contrarian perspective, majority of traders lose their money.
In 4 H timeframes, the price just make a bullish correction and just broke out of flag pattern
as well as ema crossover indicate bullish momentum.
I entry at the breakout of trend line and stoploss below the zone
the risk reward is 3.
the target, i use fibonacci projection to measure the tp (0.786)
Confluence : retail sentiment Short 86 % and Long 14%
Therefore, this is match my contrarian perspective, majority of traders lose their money.