AUD/JPY Long setup
Price broke the highest price of Asia. If the price stays above and shows no lower lows and if the price is ranging after i will enter a long position on this pair.
Extra info:
- Price broke above the 1st buyers territory on the 1h chart.
- Fundamentals are in line with a long position (AUD = strong / JPY = weak)
- Price broke asia session to the upside, that means there is power to the upside.
- Price is pulling back, but waiting on confirmation that pullback is done.
Extra info:
- Price broke above the 1st buyers territory on the 1h chart.
- Fundamentals are in line with a long position (AUD = strong / JPY = weak)
- Price broke asia session to the upside, that means there is power to the upside.
- Price is pulling back, but waiting on confirmation that pullback is done.
Note
Pullback is fully digested, waiting for the price to become a range around 92.78 area. once range is created i'm trying to enter around the bottom of this range.Trade active
Entered at 92.964. SL: 92.783Trade closed manually
Closed the trade at 93.195. price was ranging at target area.
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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.
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.