03-08-2022 _ Short Term Bearish Idea _ CADJPY M15
1- Bearish Hidden Divergence on H4 and H1.
2- Bearish Divergence followed by Convergence.
3- That's a typical scenario in which we can expect
consolidation / pullback followed by further
continuation to the DOWN side.
4- Currently it looks pullback is happening.
Target 1 @ 102.550
Target 2 @ 101.950
Protection @ 104.25
There we can enter Sell considering candlestick
pattern coupled with valid Trendline Breakout.
2- Bearish Divergence followed by Convergence.
3- That's a typical scenario in which we can expect
consolidation / pullback followed by further
continuation to the DOWN side.
4- Currently it looks pullback is happening.
Target 1 @ 102.550
Target 2 @ 101.950
Protection @ 104.25
There we can enter Sell considering candlestick
pattern coupled with valid Trendline Breakout.
Note
No Valid BO of the TL. So the trade did not trigger.The price action has created new HH.
So, the Convergence is gobbled and the idea INVALIDATED
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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.