SHORT POSITION ON $YEN

11 ม.ค. 2016

Shooting star formed at end of downtrend retracement

Trendline channel shows price has hit resistance of upper trendline

Previous support held

(retracemnet of .38%)

MA crossover suggest downtrend resumes

Set up also similar on 4hr chart

R:R 3:1

strategy focusing on:
-price action
-support/resistance
-trendlines