Short opportunity on CADJPY
Good day traders.
A clear horizontal channel on this pair, with price currently at the resistance zone. After Friday's bearish candle, it has completed an Evening Star pattern. For those not familiar with the Evening Star pattern, it is bearish candlestick pattern which usually appears when the trend is about to reverse. I will be waiting for a breakout of the trendline and then I will look for a corrective structure on lower timeframes, I will only sell if price makes a corrective structure and breakout. I will post my trade setup if that happens, well, before it happens.
A clear horizontal channel on this pair, with price currently at the resistance zone. After Friday's bearish candle, it has completed an Evening Star pattern. For those not familiar with the Evening Star pattern, it is bearish candlestick pattern which usually appears when the trend is about to reverse. I will be waiting for a breakout of the trendline and then I will look for a corrective structure on lower timeframes, I will only sell if price makes a corrective structure and breakout. I will post my trade setup if that happens, well, before it happens.
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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.