AUDJPY Signal 1:5 RR TP Hit!

Trading Forex With Zi Cheng
fong zi cheng

This analysis was given out on the November 21.

Reasons for entry:

1) AUDJPY is a strong uptrend, only looking for buys.

2) Previous price action formed a huge imbalance and waiting for price to come down to fill it.

3) Price did a huge retracement and fill the imbalance, short term downtrend.

4) Waited for the price to break out of the retracement and look for buys after the retest.

5) Target the previous high.

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Last updated: 11/28/2023 03:50

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