I was looking at the usdjpy daily chart since someone was watching it a few posts ago. I'm still learning different ways to draw trendlines and was just curious whether this would be a possible confirmation of a further downward move? Personally I would prefer it if price went up to the top trendline but am just wondering if any of the more experienced traders from the j16 group would consider such a trade?
btw, I'm not trading this pair (I only trade the euro for now) I'm using the other pairs to learn where to draw my trendlines, support/resistance areas etc.
btw, I'm not trading this pair (I only trade the euro for now) I'm using the other pairs to learn where to draw my trendlines, support/resistance areas etc.