Decision point in AUDJPY
Hi traders,
today i want to show you a situation that i will be looking to over the next days.
As you can see in the chart (if you zoom out), here in AUDJPY we recently broke a daily resistance and we are now retesting this level that has proved to be strong two times last week, and so i will be looking for some entry reasons (as double bottoms, engulfing kickers) both on the 1hr and the 4hr chart.
As you can see we might get a good risk to reward (always important) and we can also shoot to extended targets (maybe a retest of next daily structure level).
I'll let you know if i can find any reason for entry.
Hope this helps. Let me know if you find some opportunities in there.
I wish you a great trading week.
today i want to show you a situation that i will be looking to over the next days.
As you can see in the chart (if you zoom out), here in AUDJPY we recently broke a daily resistance and we are now retesting this level that has proved to be strong two times last week, and so i will be looking for some entry reasons (as double bottoms, engulfing kickers) both on the 1hr and the 4hr chart.
As you can see we might get a good risk to reward (always important) and we can also shoot to extended targets (maybe a retest of next daily structure level).
I'll let you know if i can find any reason for entry.
Hope this helps. Let me know if you find some opportunities in there.
I wish you a great trading week.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.