Lately ive been backtesting my strategy on lower timeframes. Been seeing good results though. Sorry i just posted this trade.
Either of my favorite trendline setups could play out. Lets see
Would be looking for a sell if price gets to my trendline
If trendline holds as resistance then we could see the bears come in.
Would GBPJPY just get to my trendline???
Price has been failing to turn my broken trend line resistance to support to continue its rally. If price breaks and closes below my trend line, it might be signalling the return of the bears. lets see
If my trend line holds as a resistance then i'd looking forward to short.
Watching to see if the bears come in once again.
Downtrend till my trend line breaks.
Would be watching for confirmation if/when price comes to my trendline.
Stop loss or Take profit. left for Mr market to decide