AUDJPY idea

General bias is bullish:
-Daily timeframe shows price oversold on RSI on 18.06
-Daily timeframe shows price closed outside Bolinger Band
-Daily timeframe shows a large gap between candles printed on 25.06 and 28.06 which is considered a 'price magnet' (price will travel to, and close within it)

Coupled with bullish price action on 1h timeframe price could:
-Reverse from recent resistance and continue towards gap
-dip below the double bottom (denoted by pound sign), reverse at the daily trendline and continue towards gap
-do whatever it wants

Kommentera:

Stopped out on 2nd July and re-entered using CRP at yellow trendline.
Tp hit.
Waiting for break of daily instituitonal candle for an indication of what to do next but strongly believe it's getting ready to sell