I am continuing the post "How to use trailing stops in trading", and what better time to close the position followed by sell off and also during the weekend, otherwise I would take a chance with strong aggressive day about to close almost near the open but still we have to behave at exact time to preserve our profits and let the position run to get more out of a trade.
Those who did not check my earlier post Take a look at the chart
Update of the chart Cad/jpy
As I have stated in my previous posts that "Imbalance is what creates trends, and balance creates ranges", and Neutral day activities after strong trends breakouts is a very excellent clue of Imbalance and even though sellers were quite aggressive but buyers really manage to close day almost where It open.
You need to put simple thoughts if strong holders not were buyers then How did they manage to bring the price upto the open after strong selling yesterday
When we see price again start pushing up higher again after clearing up the noise, another entry was offered once again which need to be covered around 94.00, when price failed to make a new high and went on to close below the yesterday high. These simple things really differentiate smart traders from novice who miss logic piece in their trading approach.
As I have always manage to keep to the blog full of knowledge and with complete logic, One can anytime put any question in the comment section if Any such confusion occurs.