Despite Headlines showing traders sentiment stating traders (retail) are net Long on AUD/JPY . As a trader that can be misleading especial to the newbie traders coming into the industry , i find it easier to follow currently weekly structures and let the market lead me . Structure leaves clues, on a weeks perspective AUDJPY is bearish , it even started the week super bullish and that was my clue to wait for the break of structure and trade than on a retest . though its obvious now since its already friday. My point is if you follow structure and learn to see the market structure for the week let it develop then you will know around mid week the overall direction to trade. One good trade on each pair with a few scale ins were applicable is really all you need to be consisent. A consistent i picked up from ICT and added to my own trading
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.