U.S. Dollar/Japanese YenFXCM
Description
⋅ Pros
- Falling peaks/trooughs
- Break Support zone
- Broked trendline
- Follow downtrend
Cons
- Correction of 38/50 structural trenline long term
Strategy
- Buy at pullback
- 38/50 correction
- Pullback to the previous broken trend line
Comment
⋅ It can be a pullback to the uptrend. On 4h timeframe, it can appear a double bottom.
Trade closed: stop reached
⋅