I'm looking to buy again, I don't think we've seen the top, we're still miles off an ATH.
With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous with a green candle, but generally signs look like we have upward momentum to me.
I'm going to be careful around the previous high (109) and will likely TP to assess the situation, if we fail to break then I think we'll be heading down fast (I'm expecting JPY strength sometime soon)
With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous with a green candle, but generally signs look like we have upward momentum to me.
I'm going to be careful around the previous high (109) and will likely TP to assess the situation, if we fail to break then I think we'll be heading down fast (I'm expecting JPY strength sometime soon)
Trade active:
Breakout
Trade closed: stop reached:
Too early!!
Note to self - patience child!!
Note to self - patience child!!