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jahanzaibbukhari
Mar 25, 2024 7:03 AM

CAD JPY - Bearish Pattern showing in 1hr timeframe. Short

Canadian Dollar/Japanese YenFXCM

Description

Its showing Lower lows and Lower highs in an hourly time frame.
Comments
OJ2003
What indicator did you use for the highs n lows?
jahanzaibbukhari
@OJ2003, Identify stage of the trends (Bullish or Bearish trend)
Use Dow theory Concepts to analyze the HH - HL in bullish pattern and LH- LL in bearish pattern.
You can also identify this using line chart as a starting point or candle stick charts.
This concepts is applicable on all timeframes..
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