Great risk and reward trade AUDJPYLONG 1hr
Here are the few points i am looking for this trade
1. After a double top, price had a massive down wave and we dont see any consolidation (Showing price is ranging in bigger time frame )
2. Ranging market condition Price often stop and keep going the same dirction as it stop (see other JPY pair)
3. Price is doing a break out set up and sitting in a major level
4. My rules are only trade Flag pattern Weakness concolidate / strong break out
5. Great risk and reward
6. We need to see a nice strong momentum break out before entry (Trigger)
1. After a double top, price had a massive down wave and we dont see any consolidation (Showing price is ranging in bigger time frame )
2. Ranging market condition Price often stop and keep going the same dirction as it stop (see other JPY pair)
3. Price is doing a break out set up and sitting in a major level
4. My rules are only trade Flag pattern Weakness concolidate / strong break out
5. Great risk and reward
6. We need to see a nice strong momentum break out before entry (Trigger)
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