mleader1

risky but good setup :)

Singkat
Here's another risky but I 'feel' good setup.

CADJPY rose to a previous high and stalled for the past many hours, it is also within a rising wedge alike channel building downward movement since the high of 87.5 which was in mid of historical resistance zone. (87.26 - 87.6)

I didn't manage to catch the tip but entered at 87.4 which is still a ok risk level - providing my analysis is correct.

overall CADJPY is having a very strong bullish momentum built in the past few days so it's very risky to bid it down. If today the OIL price falls a bit and US news can tune DXY up a bit, this set up may well just be a perfect one that's why I'm willing to risk.

SL: above 87.6, mine is at 87.645

TP: below 86.85 -- can go lower if market supports it well with good impulse

GL
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.