We look at the chart of Facebook in IQ Options –
We bought it when the resistance was broken. We had lowered the multiplier from 10x to 3x as the stock is in Downtrend in the higher timeframe.
Now let us have a look at USDJPY currency pair –
As we can see it is in a downtrend and if a fundamental news would have come it would have fallen more.
Now when we have a look at the chart with the lower time frame and we bought it at the consolidation level.
Now we look at the charts of AUDJPY
Here we took entry when the previous Resistance level was broken and it kept on rising after that.