I am looking to long CadJpy once it breaks the 99.257 resistance and closes above it. It might first bounce and come back to retest the 96.234 support to create a Head & Shoulder pattern before it goes long but I will wait for confirmation.
My setup will be invalid if it fails to break the above resistance and breaks the 95.400 and closes below. That is when I will start to look for short opportunities
My setup will be invalid if it fails to break the above resistance and breaks the 95.400 and closes below. That is when I will start to look for short opportunities
Trade closed: target reached:
Tp has been hit on this trade as it is bouncing off the trend line!