CAD/JPY - Confluences upon confluences
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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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.