CADJPY Wedge Consolidation
Simple wedge consolidation setup at support.
1. A potential support level was initiated.
2. Level was tested and confirmed as valid support. No entry due to bad RR.
3. As price retested support and seemed to have made a potential daily low (based on lower time frames), entry was executed.
For the moment, my target is wedge resistance.
1. A potential support level was initiated.
2. Level was tested and confirmed as valid support. No entry due to bad RR.
3. As price retested support and seemed to have made a potential daily low (based on lower time frames), entry was executed.
For the moment, my target is wedge resistance.
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.