Chf/Jpy is in a confirmed downtrend on the hour 4 time frame.
Chf/Jpy recently made a pullback on the hour 4 time frame.
We are looking for a sell here but we can not push the sell button right now because price may double top before falling.
So what is the plan?
I am going to wait for a sell signal on minute 15 , Or simply watch to see if price makes a double top on min 15 , and then im going to wait for the sell signal after the double top... then I will consider pushing the sell button.
So correction on min 15 , then a fall....
Don't push sell yet... Let's wait. If you did decide to push sell , you would need a 80 pip stop loss or so if price decides to retest and create a reversal pattern....
So the plan is to wait for a sell signal on min 15 or wait for a double top and then a sell signal...
Chf/Jpy recently made a pullback on the hour 4 time frame.
We are looking for a sell here but we can not push the sell button right now because price may double top before falling.
So what is the plan?
I am going to wait for a sell signal on minute 15 , Or simply watch to see if price makes a double top on min 15 , and then im going to wait for the sell signal after the double top... then I will consider pushing the sell button.
So correction on min 15 , then a fall....
Don't push sell yet... Let's wait. If you did decide to push sell , you would need a 80 pip stop loss or so if price decides to retest and create a reversal pattern....
So the plan is to wait for a sell signal on min 15 or wait for a double top and then a sell signal...