Divi

CADJPY 4H Bullish Idea

Long
OANDA:CADJPY   Canadian Dollar / Japanese Yen
The 15m idea I just published (related idea) is a high risk idea because I missed the larger picture here. Its possible both ideas play out but the 4H appears to be a reciprocal pattern setting up and it is a higher probability set up. Also the red bearish pattern is invalid so I anticipate it to fractal becoming a left wing on a larger bearish pattern and it is likely to fail to create a new low (below 99.050). The black bullish pattern is valid so I anticipate it to create a new high. I really like the looks of this particular price structure because it has all the elements I look for in a high probability set up.

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