AUDJPY Running Flat
Hello Traders!
This weeks price action on AUDJPY is leading me to believe we may be in a running flat pattern. If it is, we must have a plan in place to trade it because there is big potencial from what im seeing.
The Plan:
Wait for the market to correct so we can confirm the direction of the trend. Chances are the TCPs will be found on the 4h and 1h. Just identify the patterns and get in accordingly.
I believe this will be a fairly strong uptrend so it may be hard to get in because TCP's will be fast and may not give you too much time to spot them. Other trend following strategies are also an option here.
Good Luck !
Enjoy the weekend and Don't forget to show some support if you like the chart :)
This weeks price action on AUDJPY is leading me to believe we may be in a running flat pattern. If it is, we must have a plan in place to trade it because there is big potencial from what im seeing.
The Plan:
Wait for the market to correct so we can confirm the direction of the trend. Chances are the TCPs will be found on the 4h and 1h. Just identify the patterns and get in accordingly.
I believe this will be a fairly strong uptrend so it may be hard to get in because TCP's will be fast and may not give you too much time to spot them. Other trend following strategies are also an option here.
Good Luck !
Enjoy the weekend and Don't forget to show some support if you like the chart :)
David K Giraldo
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