CADJPY - Teacup + W Long

Canadian Dollar/Japanese YenFXCM

Description

⋅ Jul 17, 2019 4:28 PM

CADJPY buy set up -

The market has formed a teacup on 4hr TF
since 17th April and up close a W is forming.
Anticipating a move to the upside from resistance trendline break
resulting in a 115 pips move.

For CJ to continue rising it must break the resistance trend line.

Order cancelled

⋅ Jul 18, 2019 3:02 PM

Comments

moin786123

⋅ Jul 17, 2019 5:11 PM

Nicely spotted

Freedom_Traders

⋅ Jul 17, 2019 5:13 PM

@moin786123, Thank you!