CADJPY
Nice opportunity here on CADJPY .
Monthly timeframe suggest a completion of an impulse to the upside.
Weekly timeframe shows a clear M pattern in which we expect a correction to the neckline.
Daily timeframe shows a W formation which has just been corrected to the neckline and we can expect a continuation of the move to the upside.
So far MONTHLY, WEEKLY & DAILY timeframe suggest a move to the upside so why not.
Note: This is strictly for educational purpose, taking a trade off this analysis should only be done if the rules of your own personal strategies are met.
Monthly timeframe suggest a completion of an impulse to the upside.
Weekly timeframe shows a clear M pattern in which we expect a correction to the neckline.
Daily timeframe shows a W formation which has just been corrected to the neckline and we can expect a continuation of the move to the upside.
So far MONTHLY, WEEKLY & DAILY timeframe suggest a move to the upside so why not.
Note: This is strictly for educational purpose, taking a trade off this analysis should only be done if the rules of your own personal strategies are met.
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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.