Marcus Thorne 68
New member
- Joined
- Oct 20, 2026
- Messages
- 1
Hey guys, I am still pretty fresh to forex so please go easy on me. I was looking through some technical setups earlier and saw an analysis saying AUDJPY just reversed right off a key support level at 109.00 and is now tipped to run up towards 111.20. They were breaking down wave A and wave B stuff dating back to March, but ngl, Elliott Wave theory just looks like complete alphabet soup to my rookie eyes right now.
I see that 109.00 has acted like a floor a couple of times, but is playing a bounce like this actually a high-probability buy, or am I just getting hit with beginner fomo? I really want to take the trade, but I am terrified of buying near the bottom only to watch it break through support and dump hard, especially with how crazy yen pairs have been lately. Would you guys actually look to enter long here and target 111.20, or is it way smarter to wait for more confirmation first?
I see that 109.00 has acted like a floor a couple of times, but is playing a bounce like this actually a high-probability buy, or am I just getting hit with beginner fomo? I really want to take the trade, but I am terrified of buying near the bottom only to watch it break through support and dump hard, especially with how crazy yen pairs have been lately. Would you guys actually look to enter long here and target 111.20, or is it way smarter to wait for more confirmation first?
