CADJPY SHORT
Large 4hr head and shoulders formed.
Waited for a break in the trend line of the right shoulder.
It had a double top and also is forming a smaller head and shoulders.
Targeting neckline for 2.85:1 RR and will take off 75% of trade and let the rest run.
Stop loss will be moved to breakeven at 1.5 RR.
Waited for a break in the trend line of the right shoulder.
It had a double top and also is forming a smaller head and shoulders.
Targeting neckline for 2.85:1 RR and will take off 75% of trade and let the rest run.
Stop loss will be moved to breakeven at 1.5 RR.
Trade closed: stop reached
Big wick took out stop loss. Looking to re enter
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.
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.