FX:CADJPY   Canadian Dollar / Japanese Yen
week to week cadjpy             registers a higher high and has been trending up for the past 5 weeks. I do not wish to try to pick the top. Instead I look to continue to trade with the trend.
Right now there is channel forming , sort of like a bull flag . There is also a price macd divergence so I am looking forward to see a subsequent up move.
In the blue circle, I am looking for signs of testing, at a d1 line chart support. if successful, I will look to long in as part of the right shoulder of a hns. target 1 will be previous week high n tp2 look to ride
TP1 reached, 2nd position shld shift to BE and see what luck can bring.
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nakedchartist nakedchartist
Tp2 hit. Await next week for setups if any.
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thank for this post
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Seems like d1 line chart is holding up. I will hv my first entry. at the lime green line.
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