audjpy is getting strong bullish momentum. if we manage to close above the lower timeframe ending diagnal i might look into buying this pair. we want to make sure to take this setup conservatively as audjpy can pullback some more. there is also a potencial head and shoulders pattern but i am not looking to short this pair. if breakout is bearish, depending on momentum we will determine our next move
if breakout is agressive we can hold until target. if breakout is sloppy we might want to trail agressively as it can retrace and just make a bigger consolidation pattern
if breakout is agressive we can hold until target. if breakout is sloppy we might want to trail agressively as it can retrace and just make a bigger consolidation pattern
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David K Giraldo
