NOTE: This trade was published last week exclusively and privately to my followers
As you guys requested, i am explaining the rational behind my short audjpy trade,
On the left hand side overall view, on the weekly chart, the price was testing the main long term potential resistance area around 86.50. At that area i was monitoring the price for possible...
ENGULFING PATTERN is often considered a "reversal pattern ", but it is not always so, this model can be considered a simple pause of the major trend, and for this reason, we have developed a potential "minimum target". On the chart we published four basic questions, and if you are interested in learning this pattern, subscribe to this idea, because soon we will...