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.
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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.
Disclaimer
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.