Week of: 03/30/22 – 04/01/22
The World Wealth Gauge is giving us some realistic readings this time. It’s showing us a weak trend and that’s exactly what’s happening in the markets right now.
As I mentioned last week, the markets rallying up right now makes absolutely no sense. And that’s the reason I’m going to continue to focus on the AUDJPY currency pair this time as well.
I’ve been following this trade for a while now and this is a longer-term trade, which we’ll be talking about week in and week out.
Here’s the trade setup…
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.
My profit target on this one at 76.50.
My average risk with this trade is 745 PIPS, while the potential reward comes to around 1,895 PIPS! And that’s impressive.
I’m calling this one as my 2022 Swing Trade and will be managing it week-by-week.
I also talk about how there’s an awesome pattern playing out for this currency pair.
Check out this week’s top picks video for all the strategy details.
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.