_{Trade Set Ups - 30th June}

All Trade Set Ups Are Analysed Using 1hour, 4hour & 1 Day Time Frame

In this email:

• AUD/JPY

AUD/JPY Set Ups 💰

AUD/JPY is showing us a strong uptrend across all the charts. The daily chart shows prices going up with higher highs and lows, and the moving averages are in a bullish setup. On the 4-hour chart, the trend continues with bullish signals from the RSI and MACD. The 1-hour chart also shows a strong upward trend with prices making higher highs and lows. Overall, the charts look positive for a continued move up.

Trading Plan

When to Enter
Ideally, we’re looking for a long position on the back of a previous support or pull back to the 15-period EMA (exponential moving average) to enter. If you want to be aggressive you can enter on the trend. If we don’t get the pull back there is the option to enter on a breakout above the recent high above 107.50. Trading the breakout, you’ll want to see increased volume and/or a strong bullish candle.

Fundamentals
All signs point to a strong uptrend for AUD/JPY.

Australia's economy is doing well, with good growth and high commodity prices. The Reserve Bank of Australia is thinking about raising interest rates, which helps the Aussie dollar go up.

Japan's economy is not doing as well, and their central bank is keeping interest rates very low. This makes the Japanese yen weaker. So, with Australia looking strong and Japan looking weak, it makes sense to expect AUD/JPY to keep going up. This fits perfectly with what the charts are showing us which makes it a great time to go long.

Summary

• Market Sentiment: Bullish

• Trade Recommendation: Long position

• Entry Point: 107.00

• Stop Loss: 106.50

• Take Profit 1: 108.00

• Take Profit 2: 109.00

• Risk-to-Reward Ratio: 1:2 to 1:4

This analysis is based on current market conditions. Adjust entries and exits based on real-time market conditions and news*

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