Hi traders,
today i want to show you a situation that i will be looking to over the next days.
As you can see in the chart (if you zoom out), here in AUDJPY we recently broke a daily resistance and we are now retesting this level that has proved to be strong two times last week, and so i will be looking for some entry reasons (as double bottoms, engulfing kickers) both on the 1hr and the 4hr chart.
As you can see we might get a good risk to reward (always important) and we can also shoot to extended targets (maybe a retest of next daily structure level).
I'll let you know if i can find any reason for entry.
Hope this helps. Let me know if you find some opportunities in there.
I wish you a great trading week.
today i want to show you a situation that i will be looking to over the next days.
As you can see in the chart (if you zoom out), here in AUDJPY we recently broke a daily resistance and we are now retesting this level that has proved to be strong two times last week, and so i will be looking for some entry reasons (as double bottoms, engulfing kickers) both on the 1hr and the 4hr chart.
As you can see we might get a good risk to reward (always important) and we can also shoot to extended targets (maybe a retest of next daily structure level).
I'll let you know if i can find any reason for entry.
Hope this helps. Let me know if you find some opportunities in there.
I wish you a great trading week.