USDJPY BEARISH CONTINUATION

18 giu 2019

I predict price will test rectangular support for the 3rd large impulse before it breaks out of daily trend resistance

19 giu 2019

Trade chiuso manualmente

Closed in profit

17 lug 2019

Nota

(For my journal) Again, price continued to break through that support and as the indicator suggests, a higher low created on the RSI, whereas a lower low being made in the market.- BULLISH DIVERGENCE. If I had placed a trendline on the lows. I would've been able to go long and catch the break of the daily trend resistance.

Furthermore, I drew a line showing when I thought price would tests support and break through, but I believe I drew that line as price was still playing out, so I should've just waited until the 3rd impulse down, created an opportunity for me to go long.

But overall a good trade & still profited so I'm not complaining.