Shorting AUDJPY
Step 1 : draw diagonal trend line and noticed price action breaks down the bullish line
Step 2 : Find the first support level , it does not have to 100% precise, the place where most candles sit on it is OK.
Step 3 : Find the 2nd support level, if available, if not Step 2 may suffice
Step 4 : Place your short position with appropriate SL.
Best of luck
Step 2 : Find the first support level , it does not have to 100% precise, the place where most candles sit on it is OK.
Step 3 : Find the 2nd support level, if available, if not Step 2 may suffice
Step 4 : Place your short position with appropriate SL.
Best of luck
Nota
once the price close back into the bullish trend line, selling stops or your Sl should be triggered.
Penafian
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