AUDJPY chanel if-then scenario play

Most likely bouncing off the first support. CM bottoms reading is green and above both blue and yellow bands, and it's a .382 of the global channel. If fails, the only way is until the bottom of the channel where it's most likely to bounce off unless it breaks, where it'll be a whole new trade idea. Low risk setup with a general ratio of 5:1.

Part of a bigger if-then trade scheme of the global channel.

Kommentera:

level broken. Shorting until bottom.