AUDJPY - Engulfing on Supply Level - SELL
Hello traders,
I found a supply level that was hit last week. The price is currently in a consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a engulfing candle on the D1 Chart.
I'm uploading this idea after I actually entered the trade. The SELL trade is still valid. Eventually you can get the same entry with a limit order.
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
I found a supply level that was hit last week. The price is currently in a consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a engulfing candle on the D1 Chart.
I'm uploading this idea after I actually entered the trade. The SELL trade is still valid. Eventually you can get the same entry with a limit order.
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
