AUDJPY

9 maj 2020

Push up to the Supply Zone and back down to lower fib levels. Cypher pattern was a little shy on the "C" leg, but could still be relevant. That coupled with more Aussie COT longs being added and the zone just above. Suggests a push north and straight down. Will be keeping an eye on this setup and waiting for a signal from our indicator. 68% of retail traders Long here. So more validation for a push and drop trade.

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

12 maj 2020

Zlecenie zamknięto ręcznie

The momentum is looking like a potential Bullish breakout. Took a little profit, not as clean as when first posted.