This is our AUD/JPY trend analysis using the W1 time frame. The analysis indicates that this pair has a resistance breakout point at 96.50 on the W1 time frame. Traders can set an audible price alert here on your trading platform. Above that price when the price alert hits, we would be looking for a buy signal on The Forex Heatmap® forex heatmap. The next major resistance point past the alert price is around 102.00, noted by the yellow lines. So the overall pip potential is around 550 pips, which is an excellent risk/reward ratio for this trade.
- Categories
-
Recent Posts
- High Confidence Gold Trading System
- Fine Tuning Your Forex Trade Entries
- GBP/CHF, EUR/GBP Example Trade Entry
- Live Trading Capital: Funded Forex Account, Forex Funding
- Forex Mobile App On Telegram
- Forex Scanner, Real Time Screening Signals For 8 Currencies
- Forex Audio Book, MP3 Library
- Forex Trading Seminar — Can I Become A Forex Trader?
- GBP/JPY Trend Reversal
- Forexearlywarning, Introduction To Our Complete Trading System