FX:CADJPY   Canadian Dollar / Japanese Yen
We are sitting above a strong support line, expect price to reach the upper parallel of the gray pitchfork , once broken and closed above ---> price will reach the 0.95 ish             area before it starts retracing (or going further up). Please check the chart for the target/ stop loss.
I've been in this stupid trade for the last 2 weeks with price hardly moving above 94.055 being the resistance.
+1 Reply
HamzaLeith justatrader
yeah It is frustrating, look how flat that gray pitchfork is. I closed the position due to that, I will buy after a close of target 1 to the 0.95 area
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justatrader HamzaLeith
lol... Didn't realize that was a pitchfork.. Looked more like hor. supp/res lines.
Reply
HamzaLeith justatrader
haha that is because its a modified schiff pitchfork, I don't use these very often, only when I see them get validated a lot, like the one above
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