CADJPY is currently descending from the lower high area of the channel on the 4-hour timeframe chart. Additionally, there's a breakout on a minor bullish channel observed in the 1-hour timeframe.
📉 Expectations:
Anticipate the pair to re-test key support levels, as highlighted in the attached chart.
📊 Trading Strategy:
This trade is a long-term position, combining technical analysis and candlestick patterns. Ensure sufficient margin to manage market fluctuations and implement proper risk management aligned with your account size.
🚦 Trading Rules:
1️⃣ Rule 1:
When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2:
After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3:
If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
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📉 Expectations:
Anticipate the pair to re-test key support levels, as highlighted in the attached chart.
📊 Trading Strategy:
This trade is a long-term position, combining technical analysis and candlestick patterns. Ensure sufficient margin to manage market fluctuations and implement proper risk management aligned with your account size.
🚦 Trading Rules:
1️⃣ Rule 1:
When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2:
After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3:
If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
📣 Like and Share for More Insights! 🔄✨