Trading_Jazz
Short

Bulls&Bears and the H4 Support // IF=THEN ®

FX:CADJPY   Canadian Dollar/Japanese Yen
FX:CADJPY            

At the very end, both patterns targeting the support (H4) with a 61.8% retracement (second target);

On Bears side, we have one Cypher to sell when and IF completed (i do believe the "market" eats cyphers at breakfast), point B closing right below the 61.8%, followed by a pull back to Daily Support (D1) almost hit the 127% extension (sometimes the intention also counts), didn't break the support and one great impulse breaking H4 support (as resistance at time) targeting Daily Resistance (D1) above, also Resistance (H4), but closing below the previous structure high (new lower high), giving signs of a down trend continuation, in fact the close price stays below a "virtual trend line crossing previous high's, tested and rejected.

Trading eventual structure breakouts can be interesting too.

On Bulls side a Bat pattern to buy when and IF completed, completely innocent for now, point B forged at Daily Support D1, between the 38.2% and the 50's, point C until now closing below point A with a lot of room to lay down the couch. As soon the price breaks Daily support (D1) we will think about it.

Safe trades;
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