AUDJPY Quick reversal to the downside after support break

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Hi traders,

Bollinger Band Spikes give me the best trades but even if we have multiple spikes here, they are not valid for me. I look at the price action, the angle of the spike, previous support/resistance areas and so on. Taking every Bollinger Band spike blindly will get you in a lot of trouble. We also see a slight RSI Divergence.

In this chart, I am waiting for a clean break to the downside, breaking the support area, then entering after the candle has closed.

(This is not a trade recommendation!)

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