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Higher timeframe review on JPYBASKET, We can now the price reach on the Major weekly recent zone.

And on daily timeframe there's a possibility that the price may struggle to break down 👇 our major weekly recent zone. Or It can reverse as a ROUND RETRACEMENT to gain momentum for a breakout.

On 4h i adjusted horizontal lines to see a clear recent level that the price may bounce and reverse.

We can see a trap on GBPJPY.....

But AUDJPY gives me a hope to my analysis on JPYBASKET.

Remember if JPYBASKET is on bullish movement therefore we'll sell GBPJPY, AUDJPY, AUDJPY and CADJPY.

Take a review from different correlated pairs to see a good time to enter in the market.

Let's meet on Live Trading Group for setups🔥

SELL AUDJPY
Stop loss 92.037
Take profits (1) 93.400
Take profits (2) 93.025

Use a proper risk management.

Inorder to add position calculate your lotsize into two positions.

Example:-
First entry 0.01 and additional entry 0.01.

Have a good luck 🤞

Before

After

Hit tp 1✅🟢🟢

Hit tp