As we can see from higher Timeframe
CADJPY are in a long Uptrend, respecting our current Trend Line multiple times.
and now the price draws back into our Trend Line.
But, from 4H Timeframe we can see that Reverse Head & Shoulder Pattern signaling another Bulls Run in near future.
Our most likely scenario, CADJPY will fall into Trend Line again.
Stop Loss could be place above our Supply Zone
if, the price couldn't make a new lower low/ the price reverse before Demand Zone 2, we will close our Short Order.
Trade Cautiously.
If you like this Idea, Please consider to follow, i update my post daily.
Stay Safe, Stay Green
CADJPY are in a long Uptrend, respecting our current Trend Line multiple times.
and now the price draws back into our Trend Line.
But, from 4H Timeframe we can see that Reverse Head & Shoulder Pattern signaling another Bulls Run in near future.
Our most likely scenario, CADJPY will fall into Trend Line again.
Stop Loss could be place above our Supply Zone
if, the price couldn't make a new lower low/ the price reverse before Demand Zone 2, we will close our Short Order.
Trade Cautiously.
If you like this Idea, Please consider to follow, i update my post daily.
Stay Safe, Stay Green
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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.