Based on the 4 hour chart rend line support & resistance levels,
If I trace the line carefully (red) and with candle pivot and a good bull bar candle, I opened a BUY position at 1.1927 when the candle ended at 02AM EST.
The SL levels were set when the previous low was marked which was 1.18935.
But, the next candle that started was a bearish one. So, why do we...
For the last many days, AUDJPY pair is trading within a closed triangle.
I assume it is trying to break towards the downside to the next fibonacci level or further lower support.
Kindly confirm guys with your feedback..
