Sell opportunity on AUD/JPY (Explained in Details)
Explain the opportunity :
1- Price test the strong Fibo level 78.6%.
2- Price brake the wide upper band of BB.
3- Clear divergence in RSI supporting the down shift.
4 - Awesome inside bar formed in Daily chart.
How to enter the trade / Risk management / Take profits :
- Sell Stop order right below the mother bar (Green Line).
- Stop loss level to be above the mother bar (orange Line).
- 1st Tp at the (black line) then to free risk the trade and hunt the other levels 38.2% & 61.8%
this trade will be invalid if price failed to brake below the mother bar
Good Luck
1- Price test the strong Fibo level 78.6%.
2- Price brake the wide upper band of BB.
3- Clear divergence in RSI supporting the down shift.
4 - Awesome inside bar formed in Daily chart.
How to enter the trade / Risk management / Take profits :
- Sell Stop order right below the mother bar (Green Line).
- Stop loss level to be above the mother bar (orange Line).
- 1st Tp at the (black line) then to free risk the trade and hunt the other levels 38.2% & 61.8%
this trade will be invalid if price failed to brake below the mother bar
Good Luck
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.