Twayne7017

Buying the demand (possible market breakout trap)

Long
OANDA:AUDJPY   Australian Dollar / Japanese Yen
Market has been range bound for a while now, going back and forth within the novice space. We expect it to breakout to the downside soon. The moment this happens, we look to buy at the price level where demand exceeds supply according to what the price chart dictates. At this same time, some traders are likely to be trapped if they go short on the breakout. This is all about market timing.

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