AUDJPY SELL
Updated
The Chinese economy has been hit hard by the coronavirus. If this continues, we can expect a major dent in the Chinese economy. As the Australian economy heavily depends on the Chinese economy, the current situation provides a selling opportunity.
Technically there is a short term uptrend channel in between a long term downtrend channel, which also indicates a selling opportunity.
I AM GONNA SELL AUDJPY FROM 74.40 LEVEL WITH TARGET OF TAKING AROUND 300 PIPS PROFIT FROM THIS TRADE.
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I only trade AUD AND NZD related pairs. I closely monitor CHINEESE STOCK MARKET, NEWZEALAND AND AUSTRALIAN ECONOMY to do my analysis.
After years of fx trading, I've found, it's best to trade with 1 or 2 currency pairs. Narrow focus brings the best result in the forex market.
I try to post and update my trade ideas every week. Follow me, if you like my analysis.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable to place orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio.
May we all gain some Pips. Happy trading...
I also manage investor's funds and give forex signals. Feel free to contact me if you are interested.
Feel free to contact me for any forex related issue
CONTACT INFO:
Email: mr908fardungmail.com
Telegram and what's app: +8801610226090
MYFXBOOK: FARDUN908
Technically there is a short term uptrend channel in between a long term downtrend channel, which also indicates a selling opportunity.
I AM GONNA SELL AUDJPY FROM 74.40 LEVEL WITH TARGET OF TAKING AROUND 300 PIPS PROFIT FROM THIS TRADE.
***********************************
I only trade AUD AND NZD related pairs. I closely monitor CHINEESE STOCK MARKET, NEWZEALAND AND AUSTRALIAN ECONOMY to do my analysis.
After years of fx trading, I've found, it's best to trade with 1 or 2 currency pairs. Narrow focus brings the best result in the forex market.
I try to post and update my trade ideas every week. Follow me, if you like my analysis.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable to place orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio.
May we all gain some Pips. Happy trading...
I also manage investor's funds and give forex signals. Feel free to contact me if you are interested.
Feel free to contact me for any forex related issue
CONTACT INFO:
Email: mr908fardungmail.com
Telegram and what's app: +8801610226090
MYFXBOOK: FARDUN908
Note
this analysis played beautifully. I suggest you take some profit or use a stop profit. I am expecting a correction soon ...Trade closed: target reached
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