AUDJPY pair (breakdown last week PA)

How Do You Learn? Break down charts: example AUDJPY 4 hour chart. Why so when you see these LIVE, you can trade without emotions.

What Do You See?

1) Demand Zone
2) Critical Price Levels or Psychological numbers (.500 or .000)
3) Aud strength vs JPY weakness
4) Elliot impulse 5 waves
5) Dojis, Harami or Inside Bars, Engulfing candlestick patterns
6) Know when Sydney and Tokyo sessions are open
7) Where is resistance and support?
8) What are big banks doing with AUDJPY? Big candles, what direction
9) Any news (look at bottom or Forex Factory website)
10) Remember ATR of AudJpy, which is on 71 pips daily which does not have much liquidity and/or volatility for last 10 weeks.

Could You Have Made Pip Profits On Trading AUDJPY? Yes, with right risk management. Learn everyday, no matter how long you have been trading.