Hi everyone, CADJPY is forming 4h expanded flat and i expect price to drop soon, there was some kind of price action but price went up little bit agressive, and it looks like we will get new higher high in that expanded flat before dropping.. I want to see break of that trend line which i mark with arrow and then correction to confirm that price will continue to the downside. Again patience will bring us money :)
Comment:
watch lower tf, one more up in that correction and we are good to drop.. Im aiming for atleast retest of previus bottom marked with that pink horizontal line
watch lower tf, one more up in that correction and we are good to drop.. Im aiming for atleast retest of previus bottom marked with that pink horizontal line
Comment:
price made new high in that expanded flat, but setup is still valid.. We hade bearish rejection on high, so now i want to see break of that trendline and correction to confirm that price will continue to the downside
price made new high in that expanded flat, but setup is still valid.. We hade bearish rejection on high, so now i want to see break of that trendline and correction to confirm that price will continue to the downside
Hi traders, my view changed a bit, becouse now as you see this can form 1h flat correction, so price can retest previus low and bounce up to retest previus 4h top, anyway there is some price action in the making which could push price down, but be carefull becouse price can retest on previus bottom in that correction and bounce up like i marked