dustijohnson
Short

AUDNZD Missed This One

FX:AUDJPY   Australian Dollar / Japanese Yen
64 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

Youre right. . . .but never give up. . . ok? U can see USDJPY on H4 anda D1 or EURUSD on D1. . . .I hove you"re happy. . .
Reply
dustijohnson AkuraSinji
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
good job buddy. . .
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