AUDJPY - Risky Fakey Setup
Positive
- Good Fakey Setup
- Good Support Line
- Good Support Zone (Level)
Negative
- Last candle is not good confirmation
- Strong Bearish Pressure
Conclusion
- Setup rely on support line, if it breaks it negate this setup
- Need to see next 2-3 Candles
Comparison to recent fakey setups ( As shown in diagram )
- 3 out of 5 worked with good R:R, they were not perfect either !
- Good Fakey Setup
- Good Support Line
- Good Support Zone (Level)
Negative
- Last candle is not good confirmation
- Strong Bearish Pressure
Conclusion
- Setup rely on support line, if it breaks it negate this setup
- Need to see next 2-3 Candles
Comparison to recent fakey setups ( As shown in diagram )
- 3 out of 5 worked with good R:R, they were not perfect either !
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