AUDJPY dropped like a rock and immediately hit our Super Forex Launcher dynamic support. Sudden and extreme drops like this usually have a retracement even if it’s a short bounce. And we are thinking this is a good sign of a bounce in AUDJPY. Below is our order….
- Buy Now: 77.885
- Stop Loss: 77.433
- Take Profit: 78.424
We will have this stop order in place and only want to get into any bullish position only when the Bulls decide to charge north. If you would like to learn how to trade using the Super Forex Launcher Indicator, click here to learn more.
Reversal Trend Strategy AUDJPY – 25th March 2019 (Updated with Results)
In less than 1 day, AUDJPY bounced as expected and hit our TP target allowing us to exit with a neat profit of 50 pips for this reversal trade. Using the Super Forex Launcher to identify potential reversal areas makes it easier and more systematic for us to enter into reversal positions. If you want to learn how to accurately predict market reversals, then you will absolutely love the precision of the Super Forex Launcher.
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