CAD/JPY - Confluences upon confluences
Updated
Took a long position on this pair based on the following reasons:
- Ascending W/D trendline has not been broken + LH have been made constantly
- Inverted H+S pattern on daily
However, as this is a rising wedge, this has the potential to fall right through the roof and continue heading south, I have entered slightly early neglecting PA, so be patient and assess the situation.
Trade smart.
- Ascending W/D trendline has not been broken + LH have been made constantly
- Inverted H+S pattern on daily
However, as this is a rising wedge, this has the potential to fall right through the roof and continue heading south, I have entered slightly early neglecting PA, so be patient and assess the situation.
Trade smart.
Trade closed: stop reached
As previously stated, a rising wedge was present and this has now been broken, expect price to continue south
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