All my analysis start with technical analysis. If the technical don’t give me any indication I don’t bother looking at the trade . This is the case for AUD/JPY .
AUD/JPY is currently stuck between two trend lines which form a triangle .
I’m waiting for the price to break the triangle with heavy volume ( I don’t want to be in a bull trap or a bear trap ) to continue my analysis :
- economic calendar release
- Inter market analysis

And then I would decide if I take a position or no .
Not trading is part of trading .
Have a wonderful day .
Trend Analysis

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