USDJPY on the 1H time-frame.
Steps:
1. The price still moving in the parallel channel of downtrend.
2. BUY position is in a short time-frame because the price still created the lower low in the channel.
3. SELL order position is an advantage to follow the lower low along the downtrend.
Steps:
1. The price still moving in the parallel channel of downtrend.
2. BUY position is in a short time-frame because the price still created the lower low in the channel.
3. SELL order position is an advantage to follow the lower low along the downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.