DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
I've been watching and trading the Euro/Japanese Yen pair for a while now and have published previous ideas on this pair. Previously I had mentioned a resistance that previous support from around March until mid-April was now becoming resistance since December 5th. Which marked the end of the uptrend.As you can see I entered a position late last week expecting the price to drop. The previous resistance level was tested earlier this week but didn't go through any higher.
I've been watching and trading the Euro/Japanese Yen pair for a while now and have published previous ideas on this pair. Previously I had mentioned a resistance that previous support from around March until mid-April was now becoming resistance since December 5th. Which marked the end of the uptrend.As you can see I entered a position late last week expecting the price to drop. The previous resistance level was tested earlier this week but didn't go through any higher.
