Nov 30-Dec 4 Aud/Jpy Swing Trade (continuation)

29 nov 2020

this is why im long aud jpy, i see a 3day ascending wedge pattern forming, some people move their rend lines because of false break outs but as you can see i never moved my green or red trend lines and i also am buying off of the green trend line just under the red because i cloned that resistance one and brought it down just a little bit because it was a prior resistance in the past if u can see, so i know where im wrong and im minimizing risk.

ALSO on the FUNDAMENTAL view of things we have the following upcoming events

Mon Nov 30 @ 10:30PM EST AUD : Cash Rate / RBA Rate Statement
Tue Dec 1 @ 7:30PM EST AUD : GDP q/q

If all goes as expected, we should see massive spikes within the pair. Then let's see how the rest of NFP week plays out.

There's also the fact that there is a daily Head and Shoulders pattern close to the neckline


& a 3 day also approaching a neckline



if you've made it this far, & you've most likely taken my trade before, feel free to show love via CashApp: BakedBenji

1 dic 2020

Trade chiuso: stop raggiunto

too much range for my liking