Posted On September 15, 2020
This trendline will be the deal-breaker if the market didn't break and close below the trendline , I will be waiting for a buying opportunity as a counter-trend or even a trend reversal trade. However, if the market break and close at 106.04 or lower, I will be waiting for a retracement back to 106.34 to look for a shorting opportunity for this trend trading opportunity.
These days, I spent about 30 minutes a day in front of my computer to analyse and spot a potential trading opportunity.
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Live Chart:
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#trendline #trendreversal #countertrend #SupportandResistance #candlestickanalysis #USDJPY #TrendTrading