PriceActionTrading
Long

AUDJPY BREAK UPWARDS FINALLY?

FX:AUDJPY   Australian Dollar / Japanese Yen
171 10 12
BUY THE BREAKOUT.

H4
snapshot

D1
snapshot
Considerably weak advance there, ended being a fake breakout. :/
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Indeed. Definitely not bullish on this pair right now. Probable sell but better pairs to observe.
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IvanLabrie PRO PriceActionTrading
You want to see rapid moves, if the breakout's real, not small range candles like these.
That was the culprit I think, not news.
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It's the news that killed this setup :(
+1 Reply
Yes indeed. I got stopped out sadly. And now it is just lingering around my stop loss mocking me.
+1 Reply
moneymaking PriceActionTrading
Ya, I have seen that the market likes to tease traders a lot. I think that's what it is made to do :)
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Trend changing. 95.50 kill zone broken. Need to look at AUD pairs from another angle now.
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Entered a small buy with SL 95.20. If price manages to reach there, this trade is invalid.
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Hey price action, thank you for attaching the 4 hr and daily charts. They helped to get the bigger picture and see the overall major trend. Appreciate it. Good Luck mate :)
+1 Reply
Yes. Thanks you. Just showing the price action. D1 also has a double doji if you were to zoom into it. Doji inside a doji. Would produce a burst up or even burst down.
+1 Reply
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