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Sell at resistance, pin bar signal with average volume.
signs of weakness in the background, upthrust on resistance area.
Signs of strength also noted on support area, characteristics of spring, and presence of stopping volume.
Bearish trend continuation?
Can you help answer these questions from other members on NexusFi?
trade goes in favor, move stops to cover spread
Risk transferred to the market, will monitor the price action and volume at support area for possible reversal or break out.
@ 830pm Fundamental news will be released.
Breakdown Strat! close beneath the support line, prive level 122.800
Entry trigger bearish wide spread candle close near the low with high volume.
Stops placement at 123.138 above the previous fractal
ATR registering high level.
USD/JPY trades goes well, I hold this trade not like the GBP/jpy trades. narrow candle with wick to the lower side idicating buying beneath, volume may agree, but i decided to hold it because the close is lower than the previous candle. the daily chart print a massive wide spread down candle with high volume.
Plan: I will hold this trade and move my stops accordingly in every fractals or consolidation, I will also look to add to this trade whenever a breakdown appears of course when volume confirms and candle close near the low.
