Cadjpy - 2 Scenarios to play with - 1st scenario would be short
Weekly chart
Last weekly candle, body alone covered previous bodies.
The weekly candle wiped out the previous 5 weeks of price actions.
My first option would be to keep selling the dips until or unless it breaks ema200 on the weekly and hold, then my view would be to continue to buy.
In the meantime, Keep the shorts.
Last weekly candle, body alone covered previous bodies.
The weekly candle wiped out the previous 5 weeks of price actions.
My first option would be to keep selling the dips until or unless it breaks ema200 on the weekly and hold, then my view would be to continue to buy.
In the meantime, Keep the shorts.
Nota
Nota
So far so good
Needs to break and hold below 84.2 for further confirmation for down trend continuation, Otherwise this may still climb up as a flag/channel pattern has been created.
Nota
Choppy week but objective has not changed.
Nota
Nota
Got that deeper correction. Still anticipating the move to go lower. Still holding
Nota
late update - manually closed this trade at 84.35 as it re-entered above MPP.
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Penafian
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Penerbitan berkaitan
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.