Week of: 04/11/22 – 04/15/22
The World Wealth Gauge is showing us some odd readings this week – the overall gauge tells us we’re in a Risk-Off environment, while the currency gauge flashes Risk-On market.
This is exactly the time we have to stick to our guts, be confident, and have the tenacity to move forward with our strategy.
And to do that, we have it here again – the AUDJPY.
(Anybody who’s not in this trade – because of the signs I’m seeing, I like this currency pair now as much or more than I’ve liked it over the last few weeks I’ve been talking about it.)
The currency pair is currently sitting at all-time highs. And high time prices are often followed by lower prices. Therefore, I want to sell the AUDJPY.
Here are the two trade setups –
- If you’re not in this trade, a conservative option is to sell on a break below 90.75. The target here can be at 76.50 with a stop set at 94.30.
- And for ones who’ve been following this trade, here’s our original trade setup…
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 is at 76.50. The average risk with this trade is 745 PIPS, while the reward comes to around 1,895 PIPS –phenomenal in my view.
I’m calling this one as my 2022 Swing Trade and will stay confident managing it going forward.
Check out this week’s top picks video for all the strategy details.
A big thanks to all of you for following Tysons Trends!
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.