HEY GUYS , WISHING EVERYONE A PROFITABLE NEW YEAR ON THIS SPACE AND THANKS FOR KEEPING UP WITH FOREXHOTBOY , THIS HAS ALREADY BEEN AN EVENTFUL YEAR AND ALOT MORE TO COME , LOKING AT CADJPY WE CAN SEE THE BULLISH PENNANT PATTERN FORMED AND A FALSE BREAK OF PATTERN TO THE UPSIDE WHICH IS OUR FIRST INDICATION THAT THERE IS GOING TO BE A MASSIVE BULLISH RUN AHEAD , THE FALSE BREAKOUT HAS REVERSED TO FIND A PERFECT SUPPORT AND WE ARE EXPECTING A PERFECT BREAKOUT OF THE PATTERN AND A RESTET FOR A MASSIVE BULL RUN . ITS SAFE TO BUY NOW AND FIX A STOP LOSS BELOW THE LOWER PENNANT TREND LINE ...
MAKE SURE TO USE VERY GOOD RISK/MONEY MANAGEMENT RULE . STAY SAFE AND PLAY SAFE ...
IF YOU FIND THIS HELPFUL , PLEASE LIKE SHARE AND DROP A COMMENT ...
What is a bullish pennant pattern?
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.
MAKE SURE TO USE VERY GOOD RISK/MONEY MANAGEMENT RULE . STAY SAFE AND PLAY SAFE ...
IF YOU FIND THIS HELPFUL , PLEASE LIKE SHARE AND DROP A COMMENT ...
What is a bullish pennant pattern?
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines.