Tradeciety

Testing the impatient - trendline break

FX:EURJPY   Euro / Japanese Yen
16
I had an early short on the break of the 20 SMA. Then closed it ahead of FOMC and now I am waiting for a new opportunity on the break of the trendline (how to draw trendlines: www.youtube.com/watch?v=jfdhIGoC...)

Very technical behavior here and the sup/res levels are tested and retested nicely.

This is a common pattern you will learn to trade in our course - one of five. Patience, as always, is the key separator between the good and the bad trades. It can go either way but you have to know where your point of entry is before and how you want the chart to look like.Then you just wait and trade the plan.

I have been trading for 15 years!

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