Hi Traders,
CADJPY has been showing some short term bullish price action which the previous correction developed into a Pennant structure which price broke out now developing another continuation.
Personally I will wait for a few more swing highs and swing lows to form to give the momentum for a short term rise to give us a higher probability sell in the near future.
Please support me by clicking the like button if this idea helps you. I would love to hear your view on this pair. Post a comment below.
Trade safe!
CADJPY has been showing some short term bullish price action which the previous correction developed into a Pennant structure which price broke out now developing another continuation.
Personally I will wait for a few more swing highs and swing lows to form to give the momentum for a short term rise to give us a higher probability sell in the near future.
Please support me by clicking the like button if this idea helps you. I would love to hear your view on this pair. Post a comment below.
Trade safe!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.