CADJPY Long
Direction: - The pair was in Bullish OrderFlow.
- It was in a Bullish Cycle and created a pattern within the H4 OB.
Entry: - W (Double Bottom) Pattern Formation on the H1.
- RSI crossed volatility bands (Shark-fin), indicating rise in the pair.
- Divergence occurred, indicating probable rise.
- MBL (Market Base Line) curved upwards which confirmed uptrend in pair.
- RSI was at the 32, confirming the pair was oversold.
- Entry 1 was at RSI, Signal Line Cross.
- Entry 2 was at LSB Retest.
Exit: - 18 & 25 pip SL @ just below H4 OB (Order Block)
- 30 pip TP 1 @ 13 EMA Cross
- 28 pip TP 2 @ just below YH
Direction: - The pair was in Bullish OrderFlow.
- It was in a Bullish Cycle and created a pattern within the H4 OB.
Entry: - W (Double Bottom) Pattern Formation on the H1.
- RSI crossed volatility bands (Shark-fin), indicating rise in the pair.
- Divergence occurred, indicating probable rise.
- MBL (Market Base Line) curved upwards which confirmed uptrend in pair.
- RSI was at the 32, confirming the pair was oversold.
- Entry 1 was at RSI, Signal Line Cross.
- Entry 2 was at LSB Retest.
Exit: - 18 & 25 pip SL @ just below H4 OB (Order Block)
- 30 pip TP 1 @ 13 EMA Cross
- 28 pip TP 2 @ just below YH
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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.