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DaneelDouglas

Using correlation to find high probability setups

Dolar Australia / Yen Jepun (FX_IDC:AUDJPY)  
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FX_IDC:AUDJPY   Dolar Australia / Yen Jepun
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
Because AUDJPY and AUDNZD are both hitting this high probability zone at about the same time, we are looking to go long. I would however need to wait for aud to show some more strength compared to other currencies to confirm this area. Although the correlation rate is 15% between these pairs, having both hit such a area could lead to a mean continuation to the upside.
Dagangan aktif:
i like the setup and aud has shown strength.
Komen:
going long, stop 10 pips below area.
Penafian

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