CADJPY is reaching resistance - this is where the sellers were.
It has acheived an ABCD pattern (green).
At the moment the price action is still too bullish but it's time to keep an eye on it.....
It has acheived an ABCD pattern (green).
At the moment the price action is still too bullish but it's time to keep an eye on it.....
Note
Here it is on the daily...Note
We have some selling.The blue line is the breakout.
We could look at going short on the retest of this breakout.
Remember we are now on the 4hr chart...
Note
The Daily...Note
Our first attempt...Trade active
Our target is fast approaching. This has been a great trade. Keep an eye on this...
Trade closed: target reached
SUCCESS!!!!
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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.