Get started
mstmehmood

CADJPY - Trend Reversal Pattern - Double Bottom

Long
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
mstmehmood  
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns
0
0
trendanalysis harmonicpatterns chartpattern
I've identified a double bottom in this chart, which correlates to an expected change in trend, from bearish towards bullish. After validating the correlation via checking divergence, I've placed a buy stop trade. Entry point is above resistance and stop loss is below support. Let's see how this one plays.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.