Sorry, AUD/JPY target is 98.66.
Peace
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DislikedThis is how you trade. The charts are just for illustration purpose only. Trade Balance is coming up, I won't advice to trade now. You have the red line @1.2500 - obviously the market has been hovering around that price for long right? Put your [email protected] well somewhere around that level. Avoid placing stops @ 1.2500 why? Many stops are parked in there. You need to be away from the heat zone, otherwise your stop will get hit and who knows? maybe the market resumes back to your target and you'll be banging your head against the wall...it happens.....Ignored
Disliked{quote} AGREE 1000%... hehehe that's quote make me subscribe this thread.... DRTIgnored
DislikedDRT By the way, your observations are right on the money - It's very important to project possible routes the market might take.Ignored
Disliked{quote} Yeah, if you think about it, that's what the market is - a bunch of people in agreement on price value. Sounds a bit lame, but that's what it is. Markets are nothing more than a big auction in which the consideration traded is price. If the market perceives EUR/USD @1.25 "affordable", then, demand will increase. If the market perceives S&P @2000 "expensive" then offer will take place. Remember I am using "IF"....there's no guarantee on the market. But a trader, won't care. We go either way. I just look for zones (no price) where market shows...Ignored