CADJPY - Bearish Pressure Soon!
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈CADJPY has been hovering within a big range marked in blue.
Currently, CADJPY is retesting the upper bound of the range.
Moreover, the upper green trendline acts as a non-horizontal resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major high and upper trendline.
📚 As per my trading style:
As #CADJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈CADJPY has been hovering within a big range marked in blue.
Currently, CADJPY is retesting the upper bound of the range.
Moreover, the upper green trendline acts as a non-horizontal resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major high and upper trendline.
📚 As per my trading style:
As #CADJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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