TRADE OF THE WEEK | Trend-Following Trading in Action
GBPJPY is trading in a long-term bullish trend .
Higher lows are perfectly respecting a rising trend line on 1H.
Once the trend line was tested I was looking for a confirmation to buy the pair.
My confirmation was a double bottom formation.
I bought the market on a retest of its broken neckline.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.