Second chance for entry . . . or sucker play ?

FX:AUDJPY   Australian Dollar / Japanese Yen
70 1
However you want to count this corrective price action, the overriding factor is that
a thrust from a triangle is terminal - meaning the current price swing is ending, thus,
whether this is a B or X or even a 4th, one can enter here and t/p at the measured
projection or wait for the final pattern and sell the potential top for a nice ride down.
At this point the top could be as high as 95.75 where A/W = C/Y
No doubt price action will give us some clues for a short entry soon enough.
Feeling aggressive BuT, With No Guts, I entered this trade at E (93.15)in my Demo Acct.
Huh !!!! Of course I wish . . .
Not sure what to think of this one. It's still a valid buy until it breaks below
E @ 92.92.
I think I'll forget about the buy and just look for a sell if this does
break out of the triangle and thus would be the terminal move
that's much higher probabilities for success.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out