motleifaul
Short

Downtest in a range

FX:CADJPY   Canadian Dollar/Japanese Yen
94 3 0
It is sideward range but within mediumterm downward channel . After a secont attempt to reach the October high a certain downmove can be expected now.
The oscillations thin out. I believe some breakout is imminent here. Possibly up, to hit 100, as the prior Mar-May impulse move suggests. But it's been long time, so it might just as well go down.
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Stopped out. stoploss order was tight enough. So the loss remained limited.
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Seems I am the only one at tradingview who closes his ideas and who admits also losses.
I will continue to do this as a matter of honesty.
It is no shame to amit a loss. Every dealer commits losses. It is even not important if the number of losses exceeds the number of winning deals. The only important matter is that the overall profit exceeds the value of the losses.
It is good for every analyst to review his ideas. If he doesn't he will not find out what he makes right and what he makes wrong.
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