claydoctor

USD choose a resistance line

FX:USDJPY   U.S. Dollar / Japanese Yen
0
The argument is, to you draw your resistance lines top of dogi, top of candle, close of day. Do you throw out the odd break mid stream, if trend confirms, etc, etc. These are the three possibilities, then of course, you can draw do your fib lines, etc also. But keeping this simple, with such an obvious alorythm being in play, the question is which line is the resistance to confirm a short term trend or break and create a new long one?
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