Take a look at the picture and you'll see that I'm short 2 mini's on the GBP/JPY and the CAD/JPY. In the first short, I saw that the MACD was looking to roll over and the candles were showing relative weakness; so I shorted 1 mini....
However, the price action continued higher and the MACD went up but not as high relative to my previous short. This is an indication that momentum to the upside is running out (It's reaching higher high's on less momentum)...So I shorted another contract...
I'll continue to post on this trade.
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