The Aussie Yen Just got to a daily high and prices have reversed from this line for the past two weeks. I'm entering this trade with price pattern analysis, risking 40 pip for a potential 80 pip at 80.538 prices. Our key Indicators here are the Daily support and Our RSI signaling a 60.96. I might be in with FOMO that's why I set a wider stop loss. If you can zoom in and wait, look out for reversal patterns on the 3 min candlesticks. They might show up Immediately or sometime tomorrow unless this signal gets invalidated then we'll be looking for trend continuation signals. Thanks for viewing my post, If you enjoy my content Subscribe and Follow. If you want to know how I draw my support and resistance lines, just follow and send me a message, we'll get right to it.
Trade closed manually
There's a slow down in the market, I just took profit close to my target.
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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.