AUDJPY Trade Setup

I see a buy signal building up between the 0.618 and 0.5 Fib confluence with the green counter trend and the support zone marked by the yellow line.

My Entry: I'll wait for a bounce of the 0.5 fib level to enter this trade with a fully formed bullish candle.
My Exit: I'll take my profit way up the top of the upward arrow.
My Stop Loss: Placed just below the 0.618 line for a good R:R RATIO.