Hey traders, just want to share my thoughts on CADJPY
Pattern Identification
Currently, price has been respecting this ED channel on the H4 chart for the past 3 months.
There is currently no Harmonic patterns that is completing.
Trade Execution
I will personally wait for a rejection at the upper boundary of the H4 channel before I think about executing a short.
No rejection no trade!
Stops have to go above previous high, I will set it around 87.90.
TP will be at 84.90
This trade will be invalidated if a breakout upwards occur at 87.
Pattern Identification
Currently, price has been respecting this ED channel on the H4 chart for the past 3 months.
There is currently no Harmonic patterns that is completing.
Trade Execution
I will personally wait for a rejection at the upper boundary of the H4 channel before I think about executing a short.
No rejection no trade!
Stops have to go above previous high, I will set it around 87.90.
TP will be at 84.90
This trade will be invalidated if a breakout upwards occur at 87.
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.
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.