Aud/jpy Daily and Hourly charts updated
Hi, Traders
Trading activity is very volatile and it is very difficult in volatile conditions to get a proper entry as there is risk of hitting of stops both ways
There is greater risk of whispaw when there is lot going throughout the world and recent activity in Japanese crosses is prime example of market is in two minds.
Let's see the daily chart of Aud/jpy
This chart explains a accumulation after strong fall and it is also strong weekly support and when we have such large sideways movement in strong trend then we might think twice before going long again
While you still look for pullback and think of taking "Retracement Signal",then probably you look to rely on strong demand and supply areas on larger time-frames
Strategy and Market consciousness are two factors that pick the differences between good and bad trader but even simple things can help you pick strong entries which have logic rather than looking to enter every retracement as there is no chance we can go long or short with few candlesticks behavior untill we sort over trades with other methods.
