itrade2win
Singkat

AudJpy 15 min Breakout silence before the storm.

FX:AUDJPY   Dolar Australia /Yen Jepun
52 4 4
look for the breakout, a Nice channel that are building up a lot of tension, once the break out we should have a nive move.

Look at the chart analysis and let me now what you think
On higher time frame its very strong s/r
Balas
itrade2win danishshah
It haven't broken true yet, it can go either way, and i think a breakthrough pull back continuation strategy here could be rewarded. But the overall picture looks like another downward move, if i compare the 2 hour chart you would se another trendline breakthrough, and a lower high lower low formation. But again, that´s why we look for the breakthrough for an ekstra strong conformation.
Balas
look previous bullish candle isn't it very strong ?
Balas
itrade2win danishshah
it´s a bullish engulfing candle yes, but we have already gone below that one, witch i think means it´s not gonna be respected. Leets see. :-)
Balas
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