AUDJPY BEARISH MOMENTUM > SELL!
Updated
Hey Traders and Investors, I would like to share my perspective on how I anticipate the price of AUDJPY to move before the market re-opens. I intend this information to help us make wise decisions and take advantage of the opportunity. If you agree with this idea, HIT the boost button and follow me for more ideas - I appreciate it frfr đź’Ż
- Firstly, I've noticed that the price of AUDJPY has been influenced by previous resistance levels that led to a -2.08% drop in the last two trading days because of these factors
1st Factor = The previous resistance level had a total of seven bullish candle wicks touching it, which had a significant impact on the price, leading it to drop 200.8 pips after the 7th bullish candlewick
2nd Factor = There was a 27-pip gap between the top and bottom of this previous resistance level
* The price of this previous resistance level was between $96.831 and $96.561
(The process behind this SELL POSITION) - 7/8/2023
- It began while analyzing the current market trends when I discovered this new resistance level #4 that currently has seven bullish candle wicks touching it, which is the same amount of bullish candle wicks as the previous resistance level #1 above it that was able to FORCE the price down significantly - Ultimately giving this resistance level #4 the similar edge + advantage to potentially influence the price to go down 165.5 pips below the 7th bullish candlewick and prevent the price from getting above 3.5 pips after the 7th bullish candlewick cause this could safeguard the price from hitting my stop loss.
- The gap between the top of this resistance level and the bottom of this resistance level is 27 pips, which is in alignment with the previous resistance levels that were powerful and successful
- The price of this new resistance level #4 is set between $94.999 and $95.274
(GREATER CHARTVIEW 🌅)
(MY SELL POSITION OFF THIS RESISTANCE LEVEL #4)
MY ENTRY PRICE was $95.101
The price of my take profit is set at $93.654 (144.7 pips)
The price of my stop loss is set at $95.281 (18 pips)
- My risk management rules are applied in this position
- ALWAYS APPLY PROPER RISK MANAGEMENT into your trading plan
- IF YOU FOUND THIS BENEFICIAL, YOU CAN SUPPORT ME AGAIN BY HITTING THE BOOST AND FOLLOWING ME FOR MORE IDEAS
Buomkuoth Nhial Reath đź’Ž
JESUS CHRIST IS TRULY KING of kings
- Firstly, I've noticed that the price of AUDJPY has been influenced by previous resistance levels that led to a -2.08% drop in the last two trading days because of these factors
1st Factor = The previous resistance level had a total of seven bullish candle wicks touching it, which had a significant impact on the price, leading it to drop 200.8 pips after the 7th bullish candlewick
2nd Factor = There was a 27-pip gap between the top and bottom of this previous resistance level
* The price of this previous resistance level was between $96.831 and $96.561
(The process behind this SELL POSITION) - 7/8/2023
- It began while analyzing the current market trends when I discovered this new resistance level #4 that currently has seven bullish candle wicks touching it, which is the same amount of bullish candle wicks as the previous resistance level #1 above it that was able to FORCE the price down significantly - Ultimately giving this resistance level #4 the similar edge + advantage to potentially influence the price to go down 165.5 pips below the 7th bullish candlewick and prevent the price from getting above 3.5 pips after the 7th bullish candlewick cause this could safeguard the price from hitting my stop loss.
- The gap between the top of this resistance level and the bottom of this resistance level is 27 pips, which is in alignment with the previous resistance levels that were powerful and successful
- The price of this new resistance level #4 is set between $94.999 and $95.274
(GREATER CHARTVIEW 🌅)
(MY SELL POSITION OFF THIS RESISTANCE LEVEL #4)
MY ENTRY PRICE was $95.101
The price of my take profit is set at $93.654 (144.7 pips)
The price of my stop loss is set at $95.281 (18 pips)
- My risk management rules are applied in this position
- ALWAYS APPLY PROPER RISK MANAGEMENT into your trading plan
- IF YOU FOUND THIS BENEFICIAL, YOU CAN SUPPORT ME AGAIN BY HITTING THE BOOST AND FOLLOWING ME FOR MORE IDEAS
Buomkuoth Nhial Reath đź’Ž
JESUS CHRIST IS TRULY KING of kings
Trade closed: target reached
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