CADJPY, long term swing?
CADJPY / 1W
Hello traders, welcome to another market breakdown.
CADJPY has been trading in bullish trend this year. However, price action on the weekly time frame seggusts a deep bull back or a reverse around previous highs.
Bears want somekind of a lower high, double top, or micro-double top to make this trade with high probability.
Checkout the chart for what I'll be waiting for and monitering on lower time frame to get a short position.
Trade safe,
Trader Leo.
Hello traders, welcome to another market breakdown.
CADJPY has been trading in bullish trend this year. However, price action on the weekly time frame seggusts a deep bull back or a reverse around previous highs.
Bears want somekind of a lower high, double top, or micro-double top to make this trade with high probability.
Checkout the chart for what I'll be waiting for and monitering on lower time frame to get a short position.
Trade safe,
Trader Leo.
Note
Still waitingTrade active
T1 is done
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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.
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.