AUD/JPY, DAY CHART, LONG (11-DEC-2016)
Updated
Note: It is a potential Break Setup.
There is a strong resistance zone at 86.2xx area.
We need to pay attention whether this pair able
to break this resistance zone.
There are 2 ways to trade this pair
1. If the price able to break the resistance zone,
wait for pullback to the resistance zone and
bullish signal to long
-Can long after breakout with small lot size
-Can long after breakout followed by weak pullback to the resistance with small lot size
-Can long when the bullish bar appeared after the pullback with right lot size
2. If the price bounce back from resistance,
can long when the price touch on the 20-EMA
followed by a bullish signal bar. (little chance)
There is a strong resistance zone at 86.2xx area.
We need to pay attention whether this pair able
to break this resistance zone.
There are 2 ways to trade this pair
1. If the price able to break the resistance zone,
wait for pullback to the resistance zone and
bullish signal to long
-Can long after breakout with small lot size
-Can long after breakout followed by weak pullback to the resistance with small lot size
-Can long when the bullish bar appeared after the pullback with right lot size
2. If the price bounce back from resistance,
can long when the price touch on the 20-EMA
followed by a bullish signal bar. (little chance)
Note
Zoom into H4 or H1 charts, wait for pullback and long for it :)
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