AUDJPY stron BO from the bull channel SHORT
Price BO strongly from a bull channel at an obvious resistance area
Follow throw candle not particularly strong but acceptable
Price is pulling back slowly
Be ready to enter short based on your style (50% pullback, signal bar, lower TF signal, Fibo) it doesn't matter the context is good
Stop should be above the top of the BO and in any case should be reasonable (smaller stop means smaller probability but less risk)
Follow throw candle not particularly strong but acceptable
Price is pulling back slowly
Be ready to enter short based on your style (50% pullback, signal bar, lower TF signal, Fibo) it doesn't matter the context is good
Stop should be above the top of the BO and in any case should be reasonable (smaller stop means smaller probability but less risk)
if the candle close to a new low move the stop above the most recent lower high