CADJPY SHORT
Analysis
-CADJPY daily candle closed as a spinning top or indecision candle at a solid resistance level.
-Price overall is near the top of a symmetrical triangle (daily pattern = strong)
-Stoch/CCI/RSI all near overbought area
Trigger
Set pending sell stop on the break of the spinning top candle's lows.
Trade
Set stops above the highs of the spinning top and targets around 84.60. A solid 1:2 risk to reward ratio could be achieved as targets fall within the range.
High probability setup with good risk:reward.
-CADJPY daily candle closed as a spinning top or indecision candle at a solid resistance level.
-Price overall is near the top of a symmetrical triangle (daily pattern = strong)
-Stoch/CCI/RSI all near overbought area
Trigger
Set pending sell stop on the break of the spinning top candle's lows.
Trade
Set stops above the highs of the spinning top and targets around 84.60. A solid 1:2 risk to reward ratio could be achieved as targets fall within the range.
High probability setup with good risk:reward.
Trade fermée: ordre d’arrêt atteint
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.