AUD.JPY - Bull Trap Beware
Updated
Currency Pair: AUD.JPY
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: N/A
Live AUD.JPY updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: N/A
Live AUD.JPY updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
Note
Due to the inverse risk reward trading it back into the 4hr 50EMA there will be no trade.This is a pair that should be seen as education and not a trade opportunity.
Note
Perfect 4hr bear trap.Remember, identifying trade setups that don't meet your rules are just as important as those you execute.
Disclaimer
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