CADJPY Long - 9 May 2017
Background:
- 2nd bullish reversal candle off the 200MA support region
- Seems like it is currently forming the reversed right shoulder of a bullish H&S formation in weekly chart
Entry:
- Buy stop set at 20 pips above the 5 May 2017 bullish reversal candle @82.85
SL:
- Set at 20 pips below the bullish reversal candle low @ 81
PT:
- With the descending channel, the entire channel served as a resistance for this trade
- However, PT set based on weekly chart at previous swing high region @ 87
- 2nd bullish reversal candle off the 200MA support region
- Seems like it is currently forming the reversed right shoulder of a bullish H&S formation in weekly chart
Entry:
- Buy stop set at 20 pips above the 5 May 2017 bullish reversal candle @82.85
SL:
- Set at 20 pips below the bullish reversal candle low @ 81
PT:
- With the descending channel, the entire channel served as a resistance for this trade
- However, PT set based on weekly chart at previous swing high region @ 87
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.
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.