USDJPY BREAK THE MAJOR TRENDLINE, NEW DOWNTREND BEGIN
The major trend line has been broken, new downtrend started
HOW TO TRADE:
1) Find the correction or pull back to broken trend line with fibonacci 38.2, 50, and 61.8 OR the previous support/resistance .
2) If you have find the pullback in 15 Min, change to 5 min for entry. DRAW A TREND LINE IN 5 MIN CORRECTION, if the price break the correction trend line in 5 min. ENTER THE SHORT !
STOP LOSS PLACEMENT :
1) Current swing high/low; OR
2) Previous swing high/low
Good luck
Please like, comment, and subscribe to support the author if you find this analysis helpful.
Cheers :D
HOW TO TRADE:
1) Find the correction or pull back to broken trend line with fibonacci 38.2, 50, and 61.8 OR the previous support/resistance .
2) If you have find the pullback in 15 Min, change to 5 min for entry. DRAW A TREND LINE IN 5 MIN CORRECTION, if the price break the correction trend line in 5 min. ENTER THE SHORT !
STOP LOSS PLACEMENT :
1) Current swing high/low; OR
2) Previous swing high/low
Good luck
Please like, comment, and subscribe to support the author if you find this analysis helpful.
Cheers :D
Comment:
NICE FALL !
Comment:
111.72 NOW !