THIS PAIR HAS BEEN TRADING IN A DAILY RANGE BETWEEN 80 AND 84 SINCE MARCH. PRICE HAS BEEN FAILING TO BREAK THROUGH THESE TWO LEVELS AND AS LONG AS PRICE IS CONTAINED, BEARS WILL SELL AT THE TOP OF THE RANGE AND BULLS WILL BUY AT THE BOTTOM OF THE RANGE

UPDATE TO PLAN POSTED ON JULY 19TH 2018

TRADING A RANGE ON THE DAILY CHART, MY PLAN WAS TO SELL AT RESISTANCE AND RIDE THIS ALL THE WAY TO THE BOTTOM OF THE RANGE. THE PAIR PLAYED OUT AS PLANNED, ALTHOUGH NERVES OF STEEL WERE REQUIRED BECAUSE BULLS TRIED TO PUSH PRICE BACK TO RESISTANCE. BEAR PRESSURE WAS ENOUGH TO OVERWHELM BULLS, AND PRICE FINALLY MADE ITS WAY TO THE BOTTOM OF RANGE AFTER THREE WEEKS..PRICE CURRENTLY AT SUPPORT JUST ABOVE THE MM1 PIVOT, AND SEEING THAT ITS THE BOTTOM OF THE RANGE WE COULD SEE A MOVE BACK UP IF PRICE DOESN’T BREAK TO THE DOWNSIDE.

AUDJPY DAILY

MARKET IS RANGING. PRICE IS CURRENTLY BEARISH AFTER REACHING THE TOP OF THE RANGE AND FINDING RESISTANCE AT MR1 AND THE 200 MOVING AVERAGE. STOCHASTICS IS HEADING SOUTH FROM BEING OVERBOUGHT.

AUDJPY H4

ON THIS CHART PRICE HAS BEEN IN A BULLISH CHANNEL, HOWEVER BEARS SOLD AT WR1 WHICH COINCIDES WITH MR1. PRICE HAS BROKEN THROUGH THE CHANNEL TO THE DOWNSIDE, SO A BEAR WILL WAIT FOR PRICE TO PRINT A LOWER HIGH AT PREVIOUS RESISTANCE.

AUDJPY DAILY POST TRADE PLAN UPDATE

AUDJPY H4 POST TRADE PLAN UPDATE

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