y11ohan

BACKTESTING: AUDJPY price action on the 4H timeframe

OANDA:AUDJPY   Australian Dollar / Japanese Yen
Here is the Strategy of strong AGRESSIVE initiation and then entry on the pullback from that initiation. The rules for this strategy is that price must pull back at least 50% of the initial move. Entry must be in convergence with at least one more factor, like an RSI divergence, a retest of a major trendline or horizontal level, or break and retests (resistance turned support). This strategy works because agressiveness in the markets tell us where price really wants to go, and entering on the pullback gives us a good Risk to Reward Ratio. simple

4 trades demonstrated with 3RR or more on each. :)
Comment: And the naked chart:

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