Going short on the 4H USD/JPY chart. Rejected off the resistance line in the last candle closure. Entered around 111.485 looking for a move down to 110.485 where previous resistance and support has been found.
Will update the trade as it develops.
(Trading on demo, still learning)
Hi guys, I've been away from trading for several weeks and went off to study some new material. I changed my style to pure price action but I still use RSI and MACD for divergences. I noticed that I see the markets more clearly without indicators or any kind of MA's. Clear charts create clear minds huh? It's good to be back here.
Okay, let's see USDCHF had a nice...