Australian Dollar / Japanese Yen
Long
Updated

SOYBN/USD Long and AUD/JPY Long

198
SOYBN/USD Long

• If price completes its middle section and it then impulses down below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.

• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.

• If there's any ambiguity then I will not place a trade on this pair.

AUD/JPY Long

• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.

• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.

• If there's any ambiguity then I will not place a trade on this pair.
Note
If you don’t learn how to lose, you’re going to give back all that you win. - Falcon FX

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