Another trade that planned out....
AUDJPY **
- downtrend
- price came back to key area
- 61 fib
i like price to fill a wick, my entries are simple. as soon as price hits a level just take it. the longer you wait for 'confirmation' the higher risk your trade is. Focus on recent price action , its always good to look at old data but i feel recent is stronger and easier to read plus its easy to keep your charts clean.
AUDJPY **
- downtrend
- price came back to key area
- 61 fib
i like price to fill a wick, my entries are simple. as soon as price hits a level just take it. the longer you wait for 'confirmation' the higher risk your trade is. Focus on recent price action , its always good to look at old data but i feel recent is stronger and easier to read plus its easy to keep your charts clean.