AUDJPY CONSOLIDATION POSSIBLE RESISTANCE RE-TEST. BEAR RUN
Hi all,
It seems like a Formation, for sell set-up. i'm looking to capture some pips on the way back to the down range.
In a day time frame, the momentum of the signals traveled in a closed consolidation pattern.
Consolidation is the term for a stock or security, that is neither continuing nor reversing a larger price trend. (shown in graph)
After impulse, the signals turned into correction and moving in the consolidation. Inside, whenever the market hit the resistance it fell.
Here,i'm expecting a bearish twist to complete the TEST.
By its previous impact, the drop would be up-to 81.447.
Stay in a positive lane for good sell.
SIGNAL SPECIFICATION
Pair:AUDJPY
Order:SELL
Entry:84.108
Take profit:81.447
Stop loss:84.917
Risk Vs Reward:3.25
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Our Unique Features:
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward upto 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that, even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allow you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best
Forextamil
It seems like a Formation, for sell set-up. i'm looking to capture some pips on the way back to the down range.
In a day time frame, the momentum of the signals traveled in a closed consolidation pattern.
Consolidation is the term for a stock or security, that is neither continuing nor reversing a larger price trend. (shown in graph)
After impulse, the signals turned into correction and moving in the consolidation. Inside, whenever the market hit the resistance it fell.
Here,i'm expecting a bearish twist to complete the TEST.
By its previous impact, the drop would be up-to 81.447.
Stay in a positive lane for good sell.
SIGNAL SPECIFICATION
Pair:AUDJPY
Order:SELL
Entry:84.108
Take profit:81.447
Stop loss:84.917
Risk Vs Reward:3.25
-------------------------------------------------------------------------------------------------------
Our Unique Features:
1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward upto 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that, even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allow you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best
Forextamil
Trade closed: target reached
Happy to update. consolidation gave a solid hit.Target reached.
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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.
Related publications
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.