This is so far a correction – as it can be just a sideways one, I would watch for those two Red lines below : sharp angle and horizontal one.
My personal style of trading differs from yours, and for me before I see Pattern emerging , I am flat.
But Buying on Angled Red line would be technically correct , with the Stop just below the second red line – horizontal one.
And for USDJPY, Buying till that Blue angled downtrend line. If it holds, again waiting for my patter and Sell.
Pretty simple really….I have an itch to incorporate that algo of yours in my trading, but hate changes of any kind 😀 Enough that I have to live with market changing all the time…
We’ll have to try to come up with a bit advanced version of it , incorporating my Patterns and MA’s J
