AUDJPY buy setup in the forming
This is my view on the future evolution of this pair based on my E.W.P. based technical analysis. My entry point is not yet defined, IN ANY CASE I WILL NEED A CONFIRMATION BEFORE ENTERING IT. My TP is also not well defined, because it could go way beyond my target shown on the chart, that is the minimum I expect, but will not exit the trade until a clear signal of trend reversal.
The only thing I know for sure is the place which if touched by PA I know that my analysis is wrong and redo my homework....but in that case there was no trade confirmation = no trade entry = no wrong entry (counter trend entry which is so common these days...) = NO LOSS !!!
That is the main goal: IF NO PROPER CONFIRMATION = NO JUMPING INTO THE TRADE BLINDLY BASED ON PINBAR, HARMONICS or whatsoever BS idea = NO LOSS !!! Capital preservation should be the main focus...
Trade with care, because your account has to live to trade another day!
The only thing I know for sure is the place which if touched by PA I know that my analysis is wrong and redo my homework....but in that case there was no trade confirmation = no trade entry = no wrong entry (counter trend entry which is so common these days...) = NO LOSS !!!
That is the main goal: IF NO PROPER CONFIRMATION = NO JUMPING INTO THE TRADE BLINDLY BASED ON PINBAR, HARMONICS or whatsoever BS idea = NO LOSS !!! Capital preservation should be the main focus...
Trade with care, because your account has to live to trade another day!
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