Interesting setup provided by CJ with an extensive correction structure. These are becoming more and more
visible in the market recently and it's quite interesting to see how they pan out. I will be waiting for a break
below and retest of the ascending trendline within the horizontal channel with the goal of trading the XZ
leg of the corrective structure.
Target:
78.150
I will be posting trade updates below, to keep you in the loop of this interesting setup.
If you enjoyed this setup or would like to share your views on CADJPY, drop down into the comments and let's
learn.
visible in the market recently and it's quite interesting to see how they pan out. I will be waiting for a break
below and retest of the ascending trendline within the horizontal channel with the goal of trading the XZ
leg of the corrective structure.
Target:
78.150
I will be posting trade updates below, to keep you in the loop of this interesting setup.
If you enjoyed this setup or would like to share your views on CADJPY, drop down into the comments and let's
learn.
Trade active
Note
SL hit upon market closure
Trade closed: stop reached
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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.