Bigger Downtrend on CADJPY
Situation:
As we can see, CADJPY has been on a downtrend for 5 days. After ending the yellow trend, we can now see even bigger moves. A Potential bigger downtrend is forming.
Plan:
Short the forming downtrend with SL at the last lower high.
As we can see, CADJPY has been on a downtrend for 5 days. After ending the yellow trend, we can now see even bigger moves. A Potential bigger downtrend is forming.
Plan:
Short the forming downtrend with SL at the last lower high.
Ordre annulé
Although, out shortingcondition met, I decided not to do so.If you want to trade a trend, you have to make sure, that you can see it with your bare eye. If not, it may be matching all the mathematicla criteria for a trend, but it may fail because other market participants fail to recognize the trend.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.