brettschoenfelder

AUDJPY Buy Nested Demand

Long
brettschoenfelder Updated   
OANDA:AUDJPY   Australian Dollar / Japanese Yen
3
W
Price has been respecting this 86.80-88.00 Weekly SZ. New Weekly level formed @ 84.00

D
In a tight range. Missed a few stabs at sells at the upper bound of the range. Was considering several areas for sells, but do not have a high conviction.
On the demand side, price is respecting and forming new DZ's.

240
Set up based on origin of the big move away (around 2/9) as the point of entry. Stop just below. Ignoring the long wick from a few days prior.

TP
3:1
Trade active
Trade closed: stop reached
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