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AUD/JPY Trend Analysis
AUD/JPY has strongly crossed a key support line. There will a retrace back to the now resistance line and then further fall. This will play out in rest of the month and will see further fall in the month of July.
Trading Strategy
My trading strategy is quite simple and requires very little analysis. Infact it is anti-analysis. There is no point in over thinking a trade movement since trading is largely about position management than movement prediction.
I just eyeball current trend and place my order accordingly. You should hit profit quickly in some hours. If not then cut the losses.
I dont trade for living and hence this strategy works in my favour since it requires minimal maintenance.