Lookleft, thank you for your tips.
I took the below mentioned trade on AUDJPY last week but failed. Is there anything more I could have considered before entering this trade?
I took the below mentioned trade on AUDJPY last week but failed. Is there anything more I could have considered before entering this trade?
Disliked{quote} Hi rabhni, Regardless of the pair I regard BRN's as important. As a rough rule of thumb, if price has been rejected twice or more from the same point it can be regarded as S/R. If you extend a line from a BRN/RN and see that price has been rejected there twice or more, what is the chance of it happening again?. As you gain experience you will also see that some pairs respect BRN/RN more than others. I don't trade the pairs you mentioned very often as the spread is too big for my liking. As for the second part of you post. If there is a valid...Ignored
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