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.
nakedchartist nakedchartist
Tp2 hit. Await next week for setups if any.
thank for this post
Seems like d1 line chart is holding up. I will hv my first entry. at the lime green line.
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