AUDJPY short trade base on cheese trade
Pre-Analysis:-
Session Breaks Strength: Trade (1) AUDJPY (-2 / +6), trade (2) AUDJPY (-2 / +7)
Fundamental:- no news event for both currencies.
Trading Plan:-
Trade Classification:- B trade
Trade (1) entry:-
Post Analysis:-
- In real trade please don't read digestion from M3 timeframe, read from M15 timeframe. Slow down or finish of digestion must be seen on M15 timeframe.
- Trade (1) is totally wrong from point of reading digestion.
- Look that trade took out your stop then finally went down
- Trade (2) is the correct spot to enter, after digestion and inability for price to go up then range forming.
- Max profit for trade (2) 2.66R