As the new trading week approaches soon, I wish you all a very pipful, and successful trading week ahead. Please follow trading plans, rules, manage risks and remain consistent.
Outlook on AUDJPY for this week: the structural integrity of the asset's price action shows a failure to commit on the buyers. thus, I am expecting a sell-side imbalance seeking to absorb internal range liquidity.
should this assumption be validated, i am expecting a manipulation to the upside before selling. If this is given, then I will be looking to short this asset from a lower time frame, with a manageable risk and a decent reward.
I invite all to like, comment share concerns and opinions and follow
Remember, trade safe, and trade based on rules not feelings. Regards.