CADJPY H1 Expanding Flat for more upside.
Like a few of the pair's CADJPY has come off a D1 low with bullish divergence.
H1 we have a nice impulse up and I see the possibility of either a running or expanding flat in the B wave. I would like to see the expanding flat so I can get much better RR and buy entry, let's see if it play's nicely.
Experienced trader's can take the sell scalp internal C down if you get a setup but it's risky, no one knows where wave C down will end!
The larger impulse is to the upside so the larger C up is the trade you don't want to miss.
I'll keep the idea updated as price play's out.
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get update's.
Thank's to all the traders in advance that hit the thumbs for your support!
H1 we have a nice impulse up and I see the possibility of either a running or expanding flat in the B wave. I would like to see the expanding flat so I can get much better RR and buy entry, let's see if it play's nicely.
Experienced trader's can take the sell scalp internal C down if you get a setup but it's risky, no one knows where wave C down will end!
The larger impulse is to the upside so the larger C up is the trade you don't want to miss.
I'll keep the idea updated as price play's out.
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get update's.
Thank's to all the traders in advance that hit the thumbs for your support!
Order cancelled:
I didn't get the expanding flat structure I was looking for so I'm staying out of it.
Looking like we got the running flat, poor RR so unless I get the C down I'll be sitting aside.