CADJPY has shown very low volatility on daily chart.
Price has a bias to the downside and is travelling beneath the 200 MAV and descending trendline.
Awaiting a trendline test and looking for rejection ( and volatility pickup) , before entry.
The stop would be above recent swing high.
Target the swing low.
RR = 4
Price has a bias to the downside and is travelling beneath the 200 MAV and descending trendline.
Awaiting a trendline test and looking for rejection ( and volatility pickup) , before entry.
The stop would be above recent swing high.
Target the swing low.
RR = 4
Comment:
Price volatility contained. When MACD crosses to below 0 , expect volatility to rise , and price may pass quickly to the downside.
Comment:
Something like this...
Comment:
Yep... out of low volatiity and on towards support....
Comment:
Yep..... thats about it....