Long CADJPY Purely Structure
I'm probably a little late posting this set-up but the risk:reward ratio suggest it's a good opportunity nevertheless. I'm looking for a 100 pip move back up into the previous support turned resistance around 86.45. Note that we have a double bottom but the bullish divergence on the rsi after the market went oversold yesterday is the extra confirmation that i needed before i took this trade so let's see how it works out.
tradewithme.co.uk
Understanding market structure
youtube.com/watch?v=-g93fXLaDyE
watch & sign up to my weekly video
youtube.com/watch?v=FlS2NeSQ3fI
tradewithme.co.uk
Understanding market structure
youtube.com/watch?v=-g93fXLaDyE
watch & sign up to my weekly video
youtube.com/watch?v=FlS2NeSQ3fI
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.