Since mid-July, CadJpy has been trading inside an ascending triangle with price congestion in the last 3 weeks.
Ascending triangles are usually continuation patterns and considering the up trend of the pair, this could be the case also now.
However, a break under the support line could lead to a steep dive to important support at 102.
In my opinion, even if we have a break above the triangle's resistance, this will be a false one.
In conclusion, I'm looking to sell, either after the false break (if will be the case), or after the break of the ascending trend line down break.
Ascending triangles are usually continuation patterns and considering the up trend of the pair, this could be the case also now.
However, a break under the support line could lead to a steep dive to important support at 102.
In my opinion, even if we have a break above the triangle's resistance, this will be a false one.
In conclusion, I'm looking to sell, either after the false break (if will be the case), or after the break of the ascending trend line down break.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.