FullTimeTrader
Short

CADJPY-big HS pattern-convergence divergence setup near 100.00

FX:CADJPY   Canadian Dollar/Japanese Yen
482 1 9
Im waiting for this pair to complete the convergence divergence setup.
Looking at W1 chart we have a potential HS pattern forming at long term resistance. The convergence is not filled yet
snapshot


Here at D1 chart we see the price almost reached the 1.61 fib extension and the R3 pivot resistance.

Last target would be the beginning of the convergence.

The SL is well protected above the strong psycholevel 100.00

Best regards
Yahia.Awes
2 years ago
Looks promising
Reply
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