Following up on my previous question on trend, here's the 5 min GBP/JPY for the last 12 hours. At the red line was the US news release followed by another one 1 1/2 hours later which caused the price to move in a downward trend.
At the Tokyo open, there was a signal at the blue line (Both lags moving upwards and stocs positive and upwards) which I traded and netted 40 pips. My question is, was this trade considered countertrend?
I know I might sound silly asking question when making successful trades, but I need to know if I'm doing the right thing here
Thanks and regards
At the Tokyo open, there was a signal at the blue line (Both lags moving upwards and stocs positive and upwards) which I traded and netted 40 pips. My question is, was this trade considered countertrend?
I know I might sound silly asking question when making successful trades, but I need to know if I'm doing the right thing here
Thanks and regards
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