AUDJPY
Updated
Tried to update my previous idea on AUDJPY, but for some reason it doesn't let me update, idea will be on related ideas at the bottom if you want to see.
First on the left side Bearish Impulse is completed at -0.618 and retested right away to complete a pullback (entry between 0.5 - 0.886) in a Bullish Impulse that was completed at -0.618!.
After two great impulses been completed I found a Running Flag (type of ABCs) or on this case a Bearish Flag, this can be traded with a sell limit at 0.618 or sell stop at 0.236, take profits are at -0.27 and -0.618 (how many pips on chart).
Used some Support and Resistance on my indicators to verify each entry, first MACD shows point of resistance and divergence, then both EMA signals haved crossed at Running Flag predicting Bearish Impulse. - 4h Chart
Good Trading.
First on the left side Bearish Impulse is completed at -0.618 and retested right away to complete a pullback (entry between 0.5 - 0.886) in a Bullish Impulse that was completed at -0.618!.
After two great impulses been completed I found a Running Flag (type of ABCs) or on this case a Bearish Flag, this can be traded with a sell limit at 0.618 or sell stop at 0.236, take profits are at -0.27 and -0.618 (how many pips on chart).
Used some Support and Resistance on my indicators to verify each entry, first MACD shows point of resistance and divergence, then both EMA signals haved crossed at Running Flag predicting Bearish Impulse. - 4h Chart
Good Trading.
Note
At this point Running Flag has been canceled, now we can see price is retesting at previous resistance and looking to short- 4h ChartGood Trading.
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