Good afternoon everyone
okay looking at usd yen we are in a down trend is what it appears me , however here are a couple things I see
: we are in a channel down
: down trend
now if this breaks this channel as I have shown I will wait for the retest along with putting the stop just below the previous lows as shown and go long
or
if this market reacts to the channel and keeps going short , I will wait for it to hit where all the buyers are and look for a place to get into the market for a long
your friend Kris
www.mymentortv.com
okay looking at usd yen we are in a down trend is what it appears me , however here are a couple things I see
: we are in a channel down
: down trend
now if this breaks this channel as I have shown I will wait for the retest along with putting the stop just below the previous lows as shown and go long
or
if this market reacts to the channel and keeps going short , I will wait for it to hit where all the buyers are and look for a place to get into the market for a long
your friend Kris
www.mymentortv.com