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PriceActionTrading
May 22, 2015 1:29 AM

AUDJPY BREAK UPWARDS FINALLY? Long

Australian Dollar/Japanese YenFXCM

Description

BUY THE BREAKOUT.

H4


D1
Comments
moneymaking
It's the news that killed this setup :(
PriceActionTrading
Yes indeed. I got stopped out sadly. And now it is just lingering around my stop loss mocking me.
moneymaking
Ya, I have seen that the market likes to tease traders a lot. I think that's what it is made to do :)
moneymaking
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 :)
PriceActionTrading
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.
IvanLabrie
Considerably weak advance there, ended being a fake breakout. :/
PriceActionTrading
Indeed. Definitely not bullish on this pair right now. Probable sell but better pairs to observe.
IvanLabrie
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.
PriceActionTrading
Trend changing. 95.50 kill zone broken. Need to look at AUD pairs from another angle now.
PriceActionTrading
Entered a small buy with SL 95.20. If price manages to reach there, this trade is invalid.
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