CADJPY has recently bounced to the 3rd wave and touched a major resistance zone, which led to multiple rejections in December 2022. To enter a trade, we need to wait for a 1hr reversal wedge to be broken, providing a golden entry opportunity this week, the final target is aiming the FIB 0.5 zone.
Only take the trade if the pattern has formed, I will make another post if the trade is confirmed.
Only take the trade if the pattern has formed, I will make another post if the trade is confirmed.
Note
This is a very simple setup only if the conditions have been met, do not rush in.
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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.