Hey traders, I am preparing myself for my webinar tonight.
This is what I see on AUDJPY
Pattern Identification
AUDJPY will complete bearish shark at 87.45.
Trade Execution
I will wait for a reaction at 87.45 before going short.
The reaction is typically a pinbar candlestick or an engulfing candlestick pattern.
Close to the reversal zone, I hope to see a black stopping volume on this volume indicator which I am trying to pair it together with Harmonic Patterns. A stopping volume will usually happen before price reaches the PRZ.
Am still testing and observing, will write about it once I get some concrete statistics of the effectiveness.
SL will be at 87.90 and TP will be at 85.35
This is what I see on AUDJPY
Pattern Identification
AUDJPY will complete bearish shark at 87.45.
Trade Execution
I will wait for a reaction at 87.45 before going short.
The reaction is typically a pinbar candlestick or an engulfing candlestick pattern.
Close to the reversal zone, I hope to see a black stopping volume on this volume indicator which I am trying to pair it together with Harmonic Patterns. A stopping volume will usually happen before price reaches the PRZ.
Am still testing and observing, will write about it once I get some concrete statistics of the effectiveness.
SL will be at 87.90 and TP will be at 85.35
Note
Nice double bottom at point C.Heading towards point D now.
Note
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.
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.