AUDJPY
Hello Traders.
NOTE: MARKET IS REACTIVE AND NOT PREDICTIVE
ON A DAILY TIMEFRAME THE MARKET IS BULLISH AND IN A STRONG UPTREND
MARKET HAS CREATED A "W" FORMATION.
PRICE IS AT A RESISTANCE ZONE AND SHOULD RETEST THE RESISTANCE NOW TURNED SUPPORT ZONE TO MAKE A LOWER HIGH AND COMPLETE THE CORRECTION TO THE NECKLINE OF THE "W" FORMATION.
I AM ADDING THIS AFTER A FEW MINUTES TO THE OPEN OF ASIAN MARKET
*PRICE HAS PICKED MOMENTUM AND LOOKING TO PUSH FURTHER UP* I HOPE I AM ABLE TO HELP.
REMEMBER TO ALWAYS REACT ACCORDINGLY TO SITUATIONS AND BE PATIENT.
LIKE, SHARE AND DROP A COMMENT. THANKS FOR READING.
MONITOR PRICE ACTION FROM LOWER TIMEFRAMES FOR SUITABLE ENTRIES.
-TEMPLATE CHANGE-
Trade active:
Price has dropped as expected to the support zone.
Keep tabs with this pair
Keep tabs with this pair
Comment:
Going as expected
Trade closed: target reached
Start buying positions when price drops into the zone