AUDJPY - Strong Resistance > SELL!
The previous idea I released on AUDJPY was a success and went precisely as anticipated. Once again, I'll share a new perspective on how I anticipate the price of AUDJPY to perform once the market reopens. Let us make smart plays this week and take advantage of the opportunities we prepare for. If you agree with this idea, HIT THE BOOST AND FOLLOW ME FOR MORE IDEAS LIKE THIS - I will appreciate it fr
(The process behind this sell trade) - 7/15/2023
-I figured the same resistance level that I caught my last successful trade-off of on AUDJPY is the same resistance level I believe has gained even more potential power within itself to influence the price of AUDJPY to drop another 235 pips below the 15th bullish candlewick touching this resistance level, and to prevent the price from getting above 3.5 pips after the 15th bullish candlewick - since this resistance level has increased in the number of bullish candle wicks than the amount it had previously which in a way automatically makes it more even more effective and influential to do what I believe it can do potentially, but also how long this resistance level has been able to keep the price below it, knowing that the longer the days - the more price will respect that by not breaking above it. As of right now, It's at eight days in counting, and it is still going up.
- The price of this resistance level is set between $95.477 and $95.209
(GREATER CHART VIEW🌅)
(MY SELL POSITION OFF THIS RESISTANCE LEVEL ✅)
MY ENTRY PRICE will be above $94.808
The price of my take profit will be $92.964 (183.9 pips)
The price of my stop loss will be $95.495 (61.5 pips)
- My risk management rules will be applied in this position
- ALWAYS APPLY YOUR PROPER RISK MANAGEMENT as a part of your trading plan
- IF YOU FOUND THIS TO BE BENEFICIAL TO YOU IN ANY WAY, YOU CAN SUPPORT ME AGAIN BY HITTING THE BOOST AND FOLLOWING ME FOR MORE IDEAS 💛
Buomkuoth Nhial Reath 💎
GOD ALMIGHTY is the one who works everything for his good purposes for mankind
(The process behind this sell trade) - 7/15/2023
-I figured the same resistance level that I caught my last successful trade-off of on AUDJPY is the same resistance level I believe has gained even more potential power within itself to influence the price of AUDJPY to drop another 235 pips below the 15th bullish candlewick touching this resistance level, and to prevent the price from getting above 3.5 pips after the 15th bullish candlewick - since this resistance level has increased in the number of bullish candle wicks than the amount it had previously which in a way automatically makes it more even more effective and influential to do what I believe it can do potentially, but also how long this resistance level has been able to keep the price below it, knowing that the longer the days - the more price will respect that by not breaking above it. As of right now, It's at eight days in counting, and it is still going up.
- The price of this resistance level is set between $95.477 and $95.209
(GREATER CHART VIEW🌅)
(MY SELL POSITION OFF THIS RESISTANCE LEVEL ✅)
MY ENTRY PRICE will be above $94.808
The price of my take profit will be $92.964 (183.9 pips)
The price of my stop loss will be $95.495 (61.5 pips)
- My risk management rules will be applied in this position
- ALWAYS APPLY YOUR PROPER RISK MANAGEMENT as a part of your trading plan
- IF YOU FOUND THIS TO BE BENEFICIAL TO YOU IN ANY WAY, YOU CAN SUPPORT ME AGAIN BY HITTING THE BOOST AND FOLLOWING ME FOR MORE IDEAS 💛
Buomkuoth Nhial Reath 💎
GOD ALMIGHTY is the one who works everything for his good purposes for mankind
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