CADJPY has broken a trend line to confirm (for me) a likely hood of a retrace, after hitting a strong daily support/resistance area, just waiting on a pull back to enter the trade which i think will be 81.851-82.074 as it found previous resistance/support and is also upon the newly formed trend line
If this occurs i shall look for a reason to enter this trade with
SL-81.533
Below the trend line and low enough to be below the previous low on the hourly chart
TP- 82.818
On a small support which would create a double top so if hit i would move my SL to entry
TP2-83.482
Around the area which i see could be a potentially decision area to either short back to the daily support or continue long due to previous support/resistance, also it would be on a higher potential trend line as drawn on the chart
TP3-85
If the larger trend line is broken i see a chance for price to reach the next strong support/resistance area
As always any feedback would be widely appreciated:)
If this occurs i shall look for a reason to enter this trade with
SL-81.533
Below the trend line and low enough to be below the previous low on the hourly chart
TP- 82.818
On a small support which would create a double top so if hit i would move my SL to entry
TP2-83.482
Around the area which i see could be a potentially decision area to either short back to the daily support or continue long due to previous support/resistance, also it would be on a higher potential trend line as drawn on the chart
TP3-85
If the larger trend line is broken i see a chance for price to reach the next strong support/resistance area
As always any feedback would be widely appreciated:)
Dagangan aktif
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.
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.