breakdown under uptrend
Updated
on the daily chart usd jpy is in a downtrend, has been retracing for the last week tho
connors rsi was greater than 80 which in the past indicated good short entry signals (idea for quant journal test the accuracy rates of indicators on each symbol)
hitting resistance at 108.282
broke under the uptrend line indicating weakness in the trend
setting stop loss at 15 pips
Take profit at 15.6 pips
usd news at 945
wait for update
connors rsi was greater than 80 which in the past indicated good short entry signals (idea for quant journal test the accuracy rates of indicators on each symbol)
hitting resistance at 108.282
broke under the uptrend line indicating weakness in the trend
setting stop loss at 15 pips
Take profit at 15.6 pips
usd news at 945
wait for update
Trade closed: target reached
crawled down.spiked in the middle of the night and went negative but it ended up hitting target and being closed for a profit.
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