AUDJPY - Price Trap - New Trader
Updated
Follow my trading journey as I use the price trap strategy trap price 10 pips at a time.
Price has broken the level at the top of the trap, but will price continue to push upwards?
I'm expecting price to bounce around the resistance level before it shoot ups. Waiting to see what price does before a move is made.
Price has broken the level at the top of the trap, but will price continue to push upwards?
I'm expecting price to bounce around the resistance level before it shoot ups. Waiting to see what price does before a move is made.
Note
Price bounced around the resistance level as expected and went down. Price still can continue to retest and make it way up. If you look on the past few days, price consolidated and shoot up, consolidate and shoot up. Let hope price will continue this same pattern.
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