SHORT!
You actually could use this chart as most standart example for the "Re-Test" formation of a Trend.
Because we clearly see that the price broke the bearish trend AND re-tested the previous trendline.
I made a little drawing in middle of the chart, so everyone know what i mean.
In most cases it is a short signal for every trader who see this.
But there is still a possibility that the USDJPY want to retest not the trendline BUT the Realitve low at 98.8XX (fat red line)
So, what direction to trade? :
As always..
If breaks out of the range to the top, than long -> next target is 98.8XX
If breaks out of the range to the bottom, than short -> next target is...find one
Because we clearly see that the price broke the bearish trend AND re-tested the previous trendline.
I made a little drawing in middle of the chart, so everyone know what i mean.
In most cases it is a short signal for every trader who see this.
But there is still a possibility that the USDJPY want to retest not the trendline BUT the Realitve low at 98.8XX (fat red line)
So, what direction to trade? :
As always..
If breaks out of the range to the top, than long -> next target is 98.8XX
If breaks out of the range to the bottom, than short -> next target is...find one
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.