CADJPY in Retracement Move
Bismillah
For the bigger timeframe, i would like to say that this pair is currently start moving up and uptrend will in surge. However, in the lower timeframe, which is TF H4, there is a valid signal that a minor retracement trend will be taken place. It can be clarified by price successfully breaking up the lower trendline of TF H4, and also close below the support of the latest support line.
So it is a hold for those who are trade this pair before take the decision of Buy. For me, it is simple. I will wait for the minor retracement exhaust and start back to buy whenever signal is popping up.
My signal entry is very easy and clear, which is i will instantly enter whenever Bullish Engulfing formation is being formed. Thank you
For the bigger timeframe, i would like to say that this pair is currently start moving up and uptrend will in surge. However, in the lower timeframe, which is TF H4, there is a valid signal that a minor retracement trend will be taken place. It can be clarified by price successfully breaking up the lower trendline of TF H4, and also close below the support of the latest support line.
So it is a hold for those who are trade this pair before take the decision of Buy. For me, it is simple. I will wait for the minor retracement exhaust and start back to buy whenever signal is popping up.
My signal entry is very easy and clear, which is i will instantly enter whenever Bullish Engulfing formation is being formed. Thank you
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.