AUDJPY broke strong resistance, Buy on dip
Price has bounce 2 times once on the 18th and the second time on the 27th and today it broke that resistance.
Now lets wait for a retracement on this new support that was a resistance since september 10th. This Support was traced on lines and not on candlestick to find a better place where the price could test.
If it retest 78.72, we should wait for a good Bullish Englulfing candlestick to go in. Please notice im not placing a buy limit, i placed an alert on the 78.72 so i can see what happens live.
Trade at your own risk
Don’t be Impatient, don’t over trade, choose one of my ideas and just trade that one. Don’t trade all my ideas, ever. Always wait for the setup to complete. Don’t enter too early or too late because you suffer from FOMO (Fear of missing out). Forget making $1,000 a day if you are not making 10$ a day consistently. Less is More.
Now lets wait for a retracement on this new support that was a resistance since september 10th. This Support was traced on lines and not on candlestick to find a better place where the price could test.
If it retest 78.72, we should wait for a good Bullish Englulfing candlestick to go in. Please notice im not placing a buy limit, i placed an alert on the 78.72 so i can see what happens live.
Trade at your own risk
Don’t be Impatient, don’t over trade, choose one of my ideas and just trade that one. Don’t trade all my ideas, ever. Always wait for the setup to complete. Don’t enter too early or too late because you suffer from FOMO (Fear of missing out). Forget making $1,000 a day if you are not making 10$ a day consistently. Less is More.
Comment:
Check 15M timeframe for entry
t.me/SwingForexSetups