CADJPY Long trade scenario
Analysis :
Scenarios:
Buy :
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The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
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- Price Inside long term symmetrical triangle ,
- Price bounced twice on the lower bound of a short term range,
- Price break above the short term range,
- The breakout was followed with huge volume
Scenarios:
Buy :
- Wait For breakout confirmation,
- Wait for the price to bounce on the upper bound of a short term range,
- Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Inside bar etc,
- Initiate BUY order,
- Targets are TP1 to TP3,
- SL Under the lower bound of the short term range.
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
Disclaimer
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