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RaynLim
Apr 15, 2023 5:56 PM

The Art of Trading Long

Canadian Dollar/Japanese YenFXCM

Description

On the right, the Bearish Crab Pattern on the daily chart is going to form at 105.29. Like you, I did have the impulse to buy it up and short it down, but that couldn't be the way. At the minimum, the strategy has to be tested.

If you have that thought, you could wait for buying opportunity on the lower timeframe.

I'm waiting for the retest of the trendline on the 1-hourly chart to long.
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