AUDJPY has been moving between 2 levels for a while now and once again we can see reaction from the resistance.
Just as a additional confirmation I used Bollinger bands on 1hr to confirm that it was over extended there as well.
Looking at the lower TF, 15min, we can also see that we have a RSI Divergence.
You could go for 2 positions here taking the first one off, and moving SL to BE, hitting the first structure and then
let the second position run, either to next support level or with a trailing SL.
Just as a additional confirmation I used Bollinger bands on 1hr to confirm that it was over extended there as well.
Looking at the lower TF, 15min, we can also see that we have a RSI Divergence.
You could go for 2 positions here taking the first one off, and moving SL to BE, hitting the first structure and then
let the second position run, either to next support level or with a trailing SL.
Henrik Siverhall
SMC Trading
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SMC Trading
Är du intresserad av vårt mentorskap - "Basic" och "Avancerad" mentoring.
smctrading.se
Sveriges största FB grupp för nybörjare
bit.ly/ptse-fb-basic