Price action analysis of AUD/JPY.
Long only valid if retest of demand area show no signs of remaining supply. This is a red, narrowspread candle, with volume lower than the previous two candles happening in the Orange zone.
Look then at text candle if criteria was hit. Next candle must be green, closing above no supply candle. Enter on a break of that green candles high. Stop loss under orange zone.
Long only valid if retest of demand area show no signs of remaining supply. This is a red, narrowspread candle, with volume lower than the previous two candles happening in the Orange zone.
Look then at text candle if criteria was hit. Next candle must be green, closing above no supply candle. Enter on a break of that green candles high. Stop loss under orange zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.