CADJPY - Possible scenario
CADJPY is very extended and could use a breather.
Next week I will be looking for possible long trade up if the patterns play out as illustrated.
We're not going to complicate things, Bear Flag and Potential Double Bottom formation with a good RSI Divergence. Preferably Daily Chart to have an RSI Divergence as well.
Daily Time frame
Strategically, if this trade works out, I am not going to close it but to position myself as this could possibly be the bottom. Will explain in future videos and progress.
Have a great weekend.
Like, Share, Comment is all welcome.
Cheers
Next week I will be looking for possible long trade up if the patterns play out as illustrated.
We're not going to complicate things, Bear Flag and Potential Double Bottom formation with a good RSI Divergence. Preferably Daily Chart to have an RSI Divergence as well.
Daily Time frame
Strategically, if this trade works out, I am not going to close it but to position myself as this could possibly be the bottom. Will explain in future videos and progress.
Have a great weekend.
Like, Share, Comment is all welcome.
Cheers
Note
Half way mark to TP
Note
Making new higher highs. Good signs of continuation as we broke past the previous high.
Note
Done, Choppy but got there.
Publications connexes
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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.
Publications connexes
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.