Im interested in your approach guys. How many trades do you do per month? What is your avg. return? If you don't want to respond just ingnore this question.
I will explain my logic behind shorting AUDJPY
Price was going downside for a long time. This trade is something like EMAs game. It is dangerous area offering very high RRR. I like the general price flow that seems to be bearish at the moment with expected troubles of breaking actual support level (I see you use specific terminology I don't know) and small correction to upside before breaking this level. I have no idea it will happen or not, but it is not important if risk is managed properly.
I will explain my logic behind shorting AUDJPY
Price was going downside for a long time. This trade is something like EMAs game. It is dangerous area offering very high RRR. I like the general price flow that seems to be bearish at the moment with expected troubles of breaking actual support level (I see you use specific terminology I don't know) and small correction to upside before breaking this level. I have no idea it will happen or not, but it is not important if risk is managed properly.
Lose small, win BIG