AUDJPY - Long by High Low Pivot & 2EMAs 7/26/2023
* Daily timeframe: Previous Higher Candle breakout.
* Current timeframe:
1- Long trend when Swing High (1) & EMA 21 above EMA 50.
2- Swing High(2) is continue & low still above Swing High (1).
3- Opens a Buy with Stoploss at lowest price (Swing Low) between Swing High (1) & Swing High (2) (Rule to find Stoploss).
a/ Moving stoploss when occurs Swing High(3), Swing High(4)(5)...
b/ Wait to retest previous swing high if ratio of Reward > Risk (>1).
* Current timeframe:
1- Long trend when Swing High (1) & EMA 21 above EMA 50.
2- Swing High(2) is continue & low still above Swing High (1).
3- Opens a Buy with Stoploss at lowest price (Swing Low) between Swing High (1) & Swing High (2) (Rule to find Stoploss).
a/ Moving stoploss when occurs Swing High(3), Swing High(4)(5)...
b/ Wait to retest previous swing high if ratio of Reward > Risk (>1).