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MatildaK
20 de Dic. de 2017 8:45

Channel bounce, Trend trading Corto

Australian Dollar/Japanese YenFXCM

Descripción

Price is moving in a downtrend channel (between 2 descending trendlines on H4 timreframe). Price has reached top of the channel and is likely to bounce off. RSI is in overbought area showing price is ready to head back down. There is also a formation of a rising wedge, suggests continuation of downtrend.

Operación cerrada: precio stop alcanzado

Price has hit SL. Because price has broken trend line, I am expecting a pullback to come retest trend line before proceeding upwards. Price is also in an uptrend on Daily timeframe.
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