Week of: 03/21/22 – 03/25/22
Let me put it out here – This is one of the most broken markets I’ve ever seen in my entire trading career. We have so much disconnect and dislocations with the stock market and that’s absolutely ridiculous (I explain why I say so in today’s video).
And with that reading I think the markets are going to crater and we need to be prepared.
How am I preparing myself?
I’m going back to my favorite trade on the AUDJPY.
Before you say it – I know the trade hasn’t worked out so far. But I’m still loving this currency pair.
I’ve been talking about this trade for a while now (you can check it out here).
Here’s the drill…
I expect the price for this pair to move down. So, I’m looking to sell at 90.06, 94.50, 97.25, and 100. Our average price, if we sell at these four levels, will be 95.45.
I’m also increasing my profit target on this one at 76.50.
My average risk with this trade is 745 PIPS, while the reward comes to around 1,895 PIPS! And that’s impressive.
I’m calling this one as my 2022 Swing Trade.
I also talk about why there’s potentially a phenomenal amount of money to be made and how there’s an awesome pattern playing out for this currency pair.
Check out this week’s top picks video for strategy details.
I’m also planning to talk about the USDJPY currency pair in next week’s video. So, stay tuned to check that out!
And for more tips and picks, you can join me in my Money Flow Trading Room. It’s where I talk about market and trade strategies every week.