AUGJPY Buy at support zones to the Target
Price is moving to the upper side, a large correction after a long time downtrend, expect target zone be reach soon, not yet a reverse or turn around trend yet, not unless it can break the top resist zone of this chart.
These zones are drawn base on historical waves pattern created by previous candles. its my very unique style of charting.
Wave Zone of SR -
Short Term Traders:
Trade the break out of zones with a 4 hour to a day close candle to confirm direction of price is moving.
Long Term Traders:
Trade the direction according to the 50 days SMA. one can buy more after every correction when price touch the resist zone and drop to the support zone, only add more if price climb back and above the zone with a close 4H to a day candle.
Stop lose set below the previous zone.
Price is moving to the upper side, a large correction after a long time downtrend, expect target zone be reach soon, not yet a reverse or turn around trend yet, not unless it can break the top resist zone of this chart.
These zones are drawn base on historical waves pattern created by previous candles. its my very unique style of charting.
Wave Zone of SR -
Short Term Traders:
Trade the break out of zones with a 4 hour to a day close candle to confirm direction of price is moving.
Long Term Traders:
Trade the direction according to the 50 days SMA. one can buy more after every correction when price touch the resist zone and drop to the support zone, only add more if price climb back and above the zone with a close 4H to a day candle.
Stop lose set below the previous zone.
