USDJPY is, at present, in the business of going up. Our business is to work out the level where buyers are most likely to lose momentum, and having done so, wait for price-action confirmation into our sell bias.
The falling trendline aids in determining such level where bullish momentum is likely to come to a halt. This trendline is worth monitoring and adding to one's watchlist, regardless of your trading strategy.
Trade well and take care.
The falling trendline aids in determining such level where bullish momentum is likely to come to a halt. This trendline is worth monitoring and adding to one's watchlist, regardless of your trading strategy.
Trade well and take care.