AUDJPY double Harmonic Pattern Formation
Potential good long term opportunity shorting both bearish ABCD and Bat Patterns. Divergence on RSI is also in play on the 4-hour, if price advances like a corrective wave. D point is also close to daily trendline, a major resistance in particular situation.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Comment:
As i said previously, you should confirm your entries before entering. Price here for example reached the area as predicted but hasn't confirmed a short position yet. Otherwise, you will result in cases like the bearish bat in EURJPY.