CADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short.
If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure.
I wait, patiently, for confirmations. No confirmations, no trade.
NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure.
I wait, patiently, for confirmations. No confirmations, no trade.
NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
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Related publications
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.