CADJPY is very extended and could use a breather.
Next week I will be looking for possible long trade up if the patterns play out as illustrated.
We're not going to complicate things, Bear Flag and Potential Double Bottom formation with a good RSI Divergence. Preferably Daily Chart to have an RSI Divergence as well.
Daily Time frame
Strategically, if this trade works out, I am not going to close it but to position myself as this could possibly be the bottom. Will explain in future videos and progress.
Have a great weekend.
Like, Share, Comment is all welcome.
Cheers
Next week I will be looking for possible long trade up if the patterns play out as illustrated.
We're not going to complicate things, Bear Flag and Potential Double Bottom formation with a good RSI Divergence. Preferably Daily Chart to have an RSI Divergence as well.
Daily Time frame
Strategically, if this trade works out, I am not going to close it but to position myself as this could possibly be the bottom. Will explain in future videos and progress.
Have a great weekend.
Like, Share, Comment is all welcome.
Cheers
Nota
Half way mark to TP
Nota
Making new higher highs. Good signs of continuation as we broke past the previous high.
Nota
Done, Choppy but got there.
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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.