Forex Day Trading Forecast AUDJPY for 04-06-2017
AUDJPY trade Asia Week! Get ready everyone. Amazing trade to take, with 2 or 3 months of positive cash flow and capital gain.
Forex Day Trading Forecast AUDJPY for 04-06-2017
Great transaction, don’t miss it!
As I mention last week, about few news on Asia market…which could give us an interesting direction. Asian markets have some great gifts for us: Cash flow and Capital gain for next 2 or 3 months.
This it’s why I found currency trading it’s just amazing:
- No gaps on week days
- Amazing leverage
- Market’s Discipline
- Power of Freedom (bad economy or good, still can make money)
- Great Capital gain
- but..my favorite, “Cash Flow”
This week, we have a great opportunity I will share with you, when you can make money with “capital gain” and “positive cash flow” by trading AUDJPY.
Let’s Plan our trade on AUDJPY for this week.
My plan it is maid on Monthly chart.
What to look for?
- Monthly “Break Out” , followed by a reversal.
- Sellers move stop at an important support/resistance.
- Swap long gives us “Positive cashflow”
Let’s also look at Gold chart.
Since gold impacts the “AUSSIE” as well, we want to make sure, they are moving same way.
Let’s look on the daily time frame for AUD/JPY
What to look for?
- down trend is not supported by sellers anymore
- Again…important support/resistance
- low risk to take versus high return.
Let’s find our Entry point for the AUDJPY trade!
At the moment, I can’t be very precise about my timing and price. However, it will happen very quickly, and for this reason, you may think to take this transaction very now.
How ever, it can be tricky, and market could kick you out with an head fake. It is why, you may think about another entry if it happens.
Thank you readers! Comment, Ask & Like 🙂 if you found this helpful!
KV













Comments
No comment yet.