I present to you the calculations of an algorithm I have had major success with. Today's signal is a buy on AUDJPY . The pair has made what our algorithm team calls a "Z-PATTERN". This means that price breaks a yearly high or low depicted by the algorithm, re-tests it one more time and then takes off away from it. This is the core of our system, and has demonstrated results with accuracy between 70-90% win-rates. Our signal goes as follows:
BUY AUDJPY – currently 85.905
I will update this trade and post as time goes on, it is approximately a 30 pip stop with a potential 200 pip TP. This gives us an R:R of around 6.6:1.
As always, be safe, use proper risk management and take a peek at my signature in case you're interested in joining!