Vladimir Ribakov reviews his AUD/JPY short trade from December 18, which dropped over 300 points. The setup relied on a broken support trendline, three consecutive lower highs and lows on the 4-hour chart, and the 50% Fibonacci level.
Hello traders, here is a follow-up on AUDJPY sell trade. This trade was shared with you in this very channel on December 18th, 2024. Let's quickly recap why did we go for a sell. Daily chart broke below the most recent rising supportive line, the recent trend line. 4-hour chart gained bearish price trend structure, 3 lower highs, Lower lows. Full backpalo towards the Fibonacci levels. The plan is simple: as long as the Fibonacci levels hold, we are after sale. And here comes the drop down. Fibonacci level holds, and that case Fibonacci 50, and the price drops more than 300 points. Join our family, Home Trader Club. Get your access to full trading courses, real-time trading education, real-time trading opportunities. Link in the bio.
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