Week of: 03/07/22 – 03/11/22
The World Wealth Gauge is showing us some odd readings lately with everything’s that going around the world.
And after reading all the information from the Wealth Gauge signals, I’m being cautious in the markets and planning to trade the AUDJPY currency pair this week.
I love this trade and I’ve been talking about it here (you can check it out here).
I expect the price for this pair to move down. So, I’m looking to sell at 82.80, 84.50, and 85.50 levels. Our average price, if we sell at these three levels, will be 84.27.
My profit target here is at 74.40, with a stop set at 86.30 level.
My average risk with this trade will be 204 PIPS, while the average reward comes to around 987 PIPS. That’s a pretty risk-reward ratio we’re looking at.
I’m in this trade and plan to stick with it based on all the developments panning out in the markets.
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.
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.