Reasons :
In AUD/JPY price protected by serveral important factors which:
1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100
2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060
3. Our Trade Stoploss protected by nice trend line ( DYNAMIC support ) near static support.
4. After hanging man candel stick , we saw a full engulfing candel but bulls use any chance to buy at our setup entry price ! it means there is a great DEMAND area!
1:2 RR
In AUD/JPY price protected by serveral important factors which:
1. As you can see , price react to EMA 22 very well, EMA 22 currently price: 1.7100
2. This Pair Price protected from bears by very important static support ( this support was a resistance , when it breaks turn in to support ) :1.7060
3. Our Trade Stoploss protected by nice trend line ( DYNAMIC support ) near static support.
4. After hanging man candel stick , we saw a full engulfing candel but bulls use any chance to buy at our setup entry price ! it means there is a great DEMAND area!
1:2 RR
Comment:
close too tp