This is as clear as the day. So clear that I'm wary about it.
Price broke and closed below support zone .
Yesterday, re-tested that support zone which is now acting as resistance.
Failed and formed a bearish pin bar .
Hi Casey, nice and simple :-)
CADJPY and EURJPY are showing also the Break and Retest of Support Level. How to handle that? Trade every Opportunity you have no matter if its a similar Pair?
Or only trading the clearest Signals?
Thanks in advance
Looks like this has gone without me. With NFP coming later today, have cancelled my order. U can play either way as long as you are aware of the risk you are taking. You can split your normal risk per trade between these three pairs or you can just trade the one with the clearest and cleanest setup.
You need to do something you are comfortable with and put this in your trading plan and stick to it. And if I am already in on a setup and another setup appears on a similar pair on another day, more likely than not I will trade it too if the earlier position is in the money.