CAD/JPY(4H Chart): A PERFECT SELL SETUP.đź‘Ś
Chart Breakdown📉
Please like if you agree with the idea and follow to gain access to more of my ideas.
DR.Swing_Forex
- Daily Timeframe
We have a new trend forming, a downtrend, as price intersected the previous HL of the uptrend. - 4Hour Timeframe
We have an uptrend but like the daily timeframe, price breached the uptrends previous HL which signals the beginning of a downtrend.
Price is forming a break and re-test setup on the uptrend trendline whereby I'm waiting to enter sells upon confirmation. Confirmation
will occur when price retests the trendline and forms a bearish reversal candlestick to confirm entries. - 1Hour Timeframe
We have a downtrend on this timeframe further giving us reason to go bearish.
Please like if you agree with the idea and follow to gain access to more of my ideas.
DR.Swing_Forex
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.