dustijohnson
Short

AUDNZD Missed This One

FX:AUDJPY   Australian Dollar/Japanese Yen
63 3 1
Unfortunately I missed this trade. I am posting it for a reference of what a high probability trade looks like. Many things lined up to make this high probability:
1. Price reached a strong resistance area
2. RSI was overbought
3. RSI showed convergence
4. double top, retest of structure
5. Fibonacci extension of the lower impulse leg, 1.272
6. On top of all that it was a completion of a cypher pattern!

As you can see price bounced back for what would've been a great short

Related Ideas

AkuraSinji
2 months ago
Youre right. . . .but never give up. . . ok? U can see USDJPY on H4 anda D1 or EURUSD on D1. . . .I hove you"re happy. . .
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dustijohnson AkuraSinji
2 months ago
Oh I'm ok lol Im just glad i can finally see these patterns and understand structure and Fibonacci. Slowly putting the pieces together and its reassuring to see that I am correct even if I did miss the trade. I definitely have my eye on both those pairs.
Reply
AkuraSinji dustijohnson
2 months ago
good job buddy. . .
Reply
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