AUDJPY (Update)_4th Week of Aug 2021
Price currently retest at the area it once broke 2 weeks ago
We need to monitor if the price reject from the area together with the break below of the trendline (red color) to consider our Short bias
Otherwise price may heading to the next zone/area which will give us better RR with clear SL to Short from that area
Important note to me and to my dear friends:
*There is no right or wrong setup, the important is a need to understand on how to manage our trade by knowing:
1. When to exit from the market when the price didn't go to our direction
2. When to hold and scale our trade if the price is in favor to our direction
3. When to secure our profit
* In trading the market, is either we make a large profit, small profit or we breakeven
Cheers!
We need to monitor if the price reject from the area together with the break below of the trendline (red color) to consider our Short bias
Otherwise price may heading to the next zone/area which will give us better RR with clear SL to Short from that area
Important note to me and to my dear friends:
*There is no right or wrong setup, the important is a need to understand on how to manage our trade by knowing:
1. When to exit from the market when the price didn't go to our direction
2. When to hold and scale our trade if the price is in favor to our direction
3. When to secure our profit
* In trading the market, is either we make a large profit, small profit or we breakeven
Cheers!