AUDJPY And Your New Longs..
Hey Traders,
So I did a video about AUDJPY short recently on my profile.
It is now falling to early support for light longs.
Remember, you still have a way to go through LZ1. That's because markets test support in order most of the time and will not always blow through.
That is what makes day trading work.
You cannot simply place one trade at early support and ignore all TFS. Trading works as one system through all timeframes combined for the bigger picture. If you ignore this, your trade size and entries will be vastly disproportionate to reality.
Take note of LZ1 and LZ2 and Trade lightly. 23% FIB is far too early for larger sizes.
So I did a video about AUDJPY short recently on my profile.
It is now falling to early support for light longs.
Remember, you still have a way to go through LZ1. That's because markets test support in order most of the time and will not always blow through.
That is what makes day trading work.
You cannot simply place one trade at early support and ignore all TFS. Trading works as one system through all timeframes combined for the bigger picture. If you ignore this, your trade size and entries will be vastly disproportionate to reality.
Take note of LZ1 and LZ2 and Trade lightly. 23% FIB is far too early for larger sizes.
Note
Approaching light long entries.Note
Longs taken.Note
Looking long further.
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bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.