I was looking at AUDJPY and as per my set up, any retrace is a good opportunity to go long as price will attempt to reach marked levels which are based on Fibonacci levels. Let's see.
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While price has gone above the entry price of 93.081, since it is moving sluggishly, the stop has to be brought to just a few pips above breakeven. Usually, price will show momentum when the levels are drawn to go up. If we don't see that, then, we have to focus to protect capital.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.