2 scenarios for a LONG SET UP:
WIthin THis week:
Scenario 1: Either the price will go up touch the red line and come back to blue line before going to skies or
Scenario 2: The price will fall down from where it is right now and touch the blue line and go to skies.
Lets see how the markets plays out this week! Good Luck to you all!!
A nice 1hour set up for a long position in USDJPY - The long term scenrio of this pair looks bearish to me.
I don't use retail terminologies, so don't expect me to write those terms! I only analyze with SMART MONEY CONCEPTS no retail BS.
Stay safe and Happy Trading!
The NZDCAD from top down analysis represents a buy setup - Make sure to do proper risk management as this is only a trade idea.
Your risk management should include taking profits at 1:15 and then for long term it can go to 1:43!
Good luck to everyone and enjoy the ride up to the skies.