AUDJPY Hourly:
Hi Guys,
A good example on this one as to why targeting key levels can be a good idea.
I usually target the key levels but tried to see if I could push a bit more out of this one by locking in some pips just behind the RN area looking for a move away from it.
As you can see price made it down to the support area and then bounced nicely away moving back up to the area that I had my pips locked in forcing me to give back pips to the market. Still a profitable position so all is good.
Hi Guys,
A good example on this one as to why targeting key levels can be a good idea.
I usually target the key levels but tried to see if I could push a bit more out of this one by locking in some pips just behind the RN area looking for a move away from it.
As you can see price made it down to the support area and then bounced nicely away moving back up to the area that I had my pips locked in forcing me to give back pips to the market. Still a profitable position so all is good.
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