cadjpy | second week of August
I considered two scenarios
1. After breaking the white trend line and pullback, I enter the BUY position
2. The downtrend continues with a sign of downtrend
I think the first scenario will happen, because the previous low was not broken and HL was made, so it can be assumed that the fall is over.
1. After breaking the white trend line and pullback, I enter the BUY position
2. The downtrend continues with a sign of downtrend
I think the first scenario will happen, because the previous low was not broken and HL was made, so it can be assumed that the fall is over.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.