Short CADJPY, Declining Phase started
As we can see on chart Price was in uptrend in advancing phase making Higher Highs & Higher Lows, Then it went into distribution phase where it formed triple top and now breaking that phase it seems like it has marked its first lower low. If it reverse back from the drawn trendline confirming its first LH so after this confirmation we can enter for a short trade until second lower low, keeping SL on previous Lower High.
Note
Our orders didn't triggerd. we got saved!
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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.