After a significant weakness in the yen in 2023. now, the yen has shown some strength at the end of 2023. It might indicate the trend reversal is coming for the yen, at least for the medium term in 2024
I plan to sell CADJPY after the break out of major support with a lower high and lower low price action. and the price is below its moving average which shows the main trend direction to the downside. I wait for the trend line break to enter the short with 4:1 RR
I plan to sell CADJPY after the break out of major support with a lower high and lower low price action. and the price is below its moving average which shows the main trend direction to the downside. I wait for the trend line break to enter the short with 4:1 RR
Comment:
entered the trade when the price broke the trendline