On the D1 chart Cadjpy made a series of higher highs and higher lows. this is even more clear on the H1 chart where price mad a double bottom on the trend line. However i missed this initial move, therefore i will be looking for a daily bullish close to then buy or! a retest of the neckline to capitalize on the best possible risk to reward and targeting previous highs. Just a reminder to please be cautious this week it is essential that we be reactive and not predictive. not because we would like to see our analysis play out, means that it will.
Trade closed: target reached
And just like that take profit was hit
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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.