Roker1
Long

Double Bottom at previous Resistance

FX:AUDJPY   Australian Dollar / Japanese Yen
Hi traders, today in my morning analysis i've spot this opportunity in AUDJPY . My analysis starts from higher timeframe. In this case we are sitting in a previous 4HR resistance that could become support. The trend is our friend and we want to hop on that as soon as it gives us a reason for entry.
So here we have a double bottom in 1HR with an engulfing candle (marked with the arrow).
In addition, we are also near to an even handle number (79,00) that usually makes the markets react and we can see RSI divergence.

My levels are:

Entry: 79.09s
Stop loss: 78,69s
Target1: 79,48s
Target2: to be evaluated

Hope you understand my reasons, for any question don't hesitate to ask.
See you soon!
Order cancelled: Unfortunately we weren't able to get involved, price almost touched our entry level and then went to the hypotetical target we've put. Order cancelled!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
For those who are wondering why i didn't enter at the close, i'm waiting for a little retracement in order to have a better entry and a better target. If the price touch the hypotetical target before my entry, the trade is invalid.
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