AUDJPY - 1H - SELL

The trade has a risk-to-reward ratio of 1 to 6.
A profit limit of 2 is a good point to exit.
3 and 4 are good points after breaking the profit limit floor.
Profit limits 5 and 6 are very risky and have high risk.
When the price reaches profit limit 2, empty half of the volume and when the next targets are reached, empty the remaining volume , 0.25 per target. After the price crosses each target, set your stop loss higher than the previous 2 targets.
This is the best way.
Be sure to enter after the pullback and at the end of the confirmation candle with the appropriate volume .
The analysis and position is against the main and major trend, which is considered a high risk.
The price is in a major DNA zone, and we give the possibility of forming a second downward wave in the normal view and trading on it with good capital management.
After this deal, be sure to use the good trading opportunities that are below and in the direction of buying.
Analysis is done with Fibo.
Golden Dragon

Trade chiuso: obiettivo raggiunto:

We are currently at the 0.618 Fibonacci area, which is a good place to exit given that we are in the opposite direction of the trend. Good luck.
Golden Dragon