AUDJPY ‘Resistance Broken’ Trade Analysis
Setup: Resistance Broken
Order: Long Market Order (80.0910)
Trade result: Failed (didn’t close on time signal)
VSA System will show a BUY alert when there is a resistance broken with good volume and demand signals/strong trend beforehand. I bought at 80.09 and closed at 79.91. However, I didn’t close on time signal, which is something to always look out for.
Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.