CAD/JPY (Bullish)
Updated
Whats up Guys,
Just keeping an eye on this one for now.
I like to look at the Tradingview Screeners and see what they're calling out as Strong Buys and Strong Sells.This Chart is currently at time of this post, a Strong Buy per Trading View.
I dont disagree - The chart is trending upwards in a very clean channel. If the channel price action continues, I expect we are in store for a slight/strong pullback to the lower levels of the channel shown on the chart. Conversely, price action could range for a while.
What I'm hoping to see here over the next few days or a week -
1.) Best Case - Clear Breakout above the upper channel line. I will setup a Buy Stop Order to cover this type of movement
2.) Some ranging - Showing some price consolidation here at the upper level. I will be looking for a breakout same as item 1., and try and execute on a Buy Stop Order
Anyway, give me a message. Let me know what you think.
Just keeping an eye on this one for now.
I like to look at the Tradingview Screeners and see what they're calling out as Strong Buys and Strong Sells.This Chart is currently at time of this post, a Strong Buy per Trading View.
I dont disagree - The chart is trending upwards in a very clean channel. If the channel price action continues, I expect we are in store for a slight/strong pullback to the lower levels of the channel shown on the chart. Conversely, price action could range for a while.
What I'm hoping to see here over the next few days or a week -
1.) Best Case - Clear Breakout above the upper channel line. I will setup a Buy Stop Order to cover this type of movement
2.) Some ranging - Showing some price consolidation here at the upper level. I will be looking for a breakout same as item 1., and try and execute on a Buy Stop Order
Anyway, give me a message. Let me know what you think.
Trade closed manually
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