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GWBFX
Feb 19, 2020 3:04 AM

CADJPY trade idea on H4 Short

CANADIAN DOLLAR / JAPANESE YENICE

Description

Plan : trendline breakdown --> wait for price to bounce off from horizontal or trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL

**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)

GWBFX
Comments
vincent007
SL is a bit tight.
GWBFX
@vincent007, Hi bro, price failed to breakout its support level
GWBFX
@GWBFX, this setup was failed, its mean not tradable
ProjectSyndicate
eurusd 4d sentiment data and outlook (BEARS) target 0600 (NEW).
GWBFX
@ProjectSyndicate, Hi bro, nice chart,.. thanks for sharing
shahriarafsharpanah
Thank you,
Just wanted to ask you, what is that indicator at the left side of your chart (blue and yellow)? Is that related to Support and Resistance strength? Thanks again
GWBFX
@shahriarafsharpanah, Hi bro, it's volume profile
pixelfxtrader
HI GWBFX,
Let me know your thoughts.. :)

tradingview.com/chart/7Y67e1rq/
GWBFX
@pixelfxtrader, Hi mate, I can't open your attached chart
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