Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We see AUDJPY here in a beautiful ascending channel, with a cyclic oscillic movement inside of it. For as long as the channel remains, we will be able to do two things:
1) Scalp each price movement with a short on the top trendline and a long on the bottom trendline
2) Go long throughout the entire channel, after buying at a small retracement. You can buy near the bottom trendline, and wait out how far the price will keep rising - dynamically adjusting your SL to move along with the channel.
--- What is The Quick Update Series All About? --- I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts. Please like this post if you learned something to support me.
- Trading Guru
-------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!