Hey Traders so today here is way to trade a downtrending market. See the Yen I have been able to connect 3 Bar trendline projecting it lower. But as you can see it has now pulled back to the trendline this is normally the best place to sell beacause momentum is on your side. Not only that but it also closed below the 50% retracement level which is also a strong bearish sign.
So if your going to think about selling YEN this is a good place.
However if your going to be bullish yen wait until a close about resistance.
Always use Risk Management!
Hope This Helps Your Trading
Clifford
So if your going to think about selling YEN this is a good place.
However if your going to be bullish yen wait until a close about resistance.
Always use Risk Management!
Hope This Helps Your Trading
Clifford
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.