Rimzie

AUD/JPY Price Trap IDEA* Break & Retest

FX:AUDJPY   Australian Dollar / Japanese Yen
(1)
- Wait for BREAK of resistance (ceiling)

- Wait for RETEST (where price closes above the previous level of resistance)

- Once price CONFIRMS resistance as a new support floor, IT IS SAFE TO ENTER.



(2)
- Wait for a BREAK of support (floor)

- Wait for RETEST (where price closes below the previous level of support)

- Once price CONFIRMS support as a new resistance (ceiling) IT IS SAFE TO ENTER.



(3)
*ENTRYS ON 15min Time Frame

(4)
Harmonic Scanner is calling a 'buy' 1 hour timeframe, potential 140 pips

(5)
Risk Management

0. 01 per £100
0.02 per £200
0.03 per £300
0.04 per £400
0.10 per £1000

(5)
30 pips TAKE PROFIT
30 pips STOP LOSS

1:1


**FULL RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is no guarantee of future results**

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out