I decided to close my short just now in USD/JPY because it did not continue to go lower. If I had close my trade earlier, I might bank some 20-30 pips profit. But since I was late, I got a -14.8 pips loss.
Now I set a buy market entry because of the Bullish divergence from the lower lows of the price against the higher lows from both the oscillators. The price might test again the descending trendline to support the downward trend or will try to test the other descending trendline started from June of 2015.
No comments:
Post a Comment