Hello pip hunters, I would like to share my view on CADJPY with you, enjoy!!
Reward:150 pips🤑
Risk: 18.6 pips❌
Risk/Reward Ratio: 7.73✅
Chart Breakdown:
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DR.Swing_Forex
Reward:150 pips🤑
Risk: 18.6 pips❌
Risk/Reward Ratio: 7.73✅
Chart Breakdown:
- Price intersected the last higher-low of the uptrend signaling a trend change.
- Price formed a lower-high and lower-low confirming the downtrend.
- A previous support level has turned into resistance and price formed a bearish engulfing candlestick to confirm sells.
- I'm anticipating a close below the upward trendline to for extra confirmation of sells all the way down to take profit 2
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Like and comment if you agree with the idea
DR.Swing_Forex
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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.
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.