Outer Zone Bounce Pattern | Live Forex Trade | AUDJPY | 15 Minute Chart

By | March 16, 2016

See attached video. This was originally posted in 2014. This is a fantastic setup with a clear level of rejection at the outer zone where the most recent turnaround in the market occurred. However, since the recording of this video I have added another layer of protection to the outer zone bounce setup that includes a rejection of the outer band.Therefore, although a fantastic trade I would now conclude that this engulfing signal fell short of rejecting the outer band.

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