See callout bubbles. I will look to Buy in the green highlighted area. Price targets will be chosen based upon what the market looks like on entry. The demand area where I will be looking to Buy will probably he highly contested as it was formed off of a bounce from the 100 EMA on the W chart.
See my Idea on Oil for more insight. There is demand for Oil forming which could also help us out here on the CADJPY long.
Always measure your risk and be okay with being wrong ; )
See my Idea on Oil for more insight. There is demand for Oil forming which could also help us out here on the CADJPY long.
Always measure your risk and be okay with being wrong ; )
Note
This setup is still on. I'm currently short at 88.50, looking to ride down into this zone.Note
I'm still somewhat bullish CAD. This entry is based off of news, so I'm not super-excited, but still want to see if I can grab some pippage.The thing that this trade does have going for it is the fact that the 87.00 area is a bounce off of a major W moving average.
Always measure your risk and be okay with being wrong ; )
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***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***
Thank you for your support!
Thank you for your support!
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.