Sell opportunity on AUD/JPY (Explained in Details)
Explain the opportunity :
1- Price test the strong Fibo level 78.6%.
2- Price brake the wide upper band of BB.
3- Clear divergence in RSI supporting the down shift.
4 - Awesome inside bar formed in Daily chart.
How to enter the trade / Risk management / Take profits :
- Sell Stop order right below the mother bar (Green Line).
- Stop loss level to be above the mother bar (orange Line).
- 1st Tp at the (black line) then to free risk the trade and hunt the other levels 38.2% & 61.8%
this trade will be invalid if price failed to brake below the mother bar
Good Luck
1- Price test the strong Fibo level 78.6%.
2- Price brake the wide upper band of BB.
3- Clear divergence in RSI supporting the down shift.
4 - Awesome inside bar formed in Daily chart.
How to enter the trade / Risk management / Take profits :
- Sell Stop order right below the mother bar (Green Line).
- Stop loss level to be above the mother bar (orange Line).
- 1st Tp at the (black line) then to free risk the trade and hunt the other levels 38.2% & 61.8%
this trade will be invalid if price failed to brake below the mother bar
Good Luck
Feragatname
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