Hi Tela - AUDJPY I will probably wait to just after Asia open to...

Hi Tela - AUDJPY

I will probably wait to just after Asia open to check price doesn't take off on the other direction.
I will look at M5 to check I see 30 minutes of higher highs and that the price is moving away from opening price.
My plan is always to consider this a multiple entry which means I split by entry lot size in half and place a market Buy when I consider action is correct. I then place the second half of the trade as a Buy Limit order at a position that is half of the days average range lower.

That is 0.5 ADR 100 ( 100 days average )
For AUDJPY that is 82 pips average over 100 days so I use 41 pips.
For Example .....

Trade 1 is Buy at 82.88
Trade 2 is Buy Limit Order at 82.47

If trade 2 is not opened which is good, I will look to enter on a pullback around 41 pips higher than the first trade.
It cannot be opened any closer than 41 pips or within the first 4 hours.

I then attempt to add more trades to form a basket of Buy trades which is the key to making 700 pips +