CADJPY | Symmetrical Triangle as a Continuation Pattern
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There is a Symmetrical Triangle pattern. As we have the price lost the Horizontal Support and also the Death Cross acting we can receive the one plays out as a continuation pattern.
We can initiate a short position if there is a confirmed breakout of the lower boundary of the Symmetrical Triangle.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
There is a Symmetrical Triangle pattern. As we have the price lost the Horizontal Support and also the Death Cross acting we can receive the one plays out as a continuation pattern.
We can initiate a short position if there is a confirmed breakout of the lower boundary of the Symmetrical Triangle.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.