Hi Team
Simple is best, don't you think?
I have tried to make this chart as easy to understand as possible.
CADJPY is approaching a double top imminently.
We may break before we reach it, but given CAD strength this week, I suspect we will go right to the top.
Stop Loss just above the top of Daily channel - from May '21.
This is a high probability, high profit, simple analysis trade. Let's make some money!
As ever, do not re-enter if we hit SL, and never chase a trade.
Good luck, trade safe!
DrBear
Like what I do? Please like, comment and subscribe here on TradingView - it makes a huge difference, helping me to develop my platform and help more traders out!
Simple is best, don't you think?
I have tried to make this chart as easy to understand as possible.
CADJPY is approaching a double top imminently.
We may break before we reach it, but given CAD strength this week, I suspect we will go right to the top.
Stop Loss just above the top of Daily channel - from May '21.
This is a high probability, high profit, simple analysis trade. Let's make some money!
As ever, do not re-enter if we hit SL, and never chase a trade.
Good luck, trade safe!
DrBear
Like what I do? Please like, comment and subscribe here on TradingView - it makes a huge difference, helping me to develop my platform and help more traders out!
Trade active:
Team
This is now active.
We may push a tiny bit higher before we drop, so I have extended my SL to .53
If this hits SL, next entry is around 91.1 mark.
Let's go!
This is now active.
We may push a tiny bit higher before we drop, so I have extended my SL to .53
If this hits SL, next entry is around 91.1 mark.
Let's go!
