Cadjpy is currently sitting at an inflection point, 88.6 level. Which is critical for both the bulls and bear.
A bounce would validate a long term inverse H&S patterns being played out since 2015.
A break below the neckline of 88.6 would probably trap bulls in the 88.6 - 91 region. (Fakeout)
A long trade would yield an impressive R:R if the bullish case plays out. Whereas if its a bear case, its more prudent to wait for the 88.6 level to be taken out before going short.
A small trade has been entered at 88.7, with a stop loss of a closing candle below 88.6.
A bounce would validate a long term inverse H&S patterns being played out since 2015.
A break below the neckline of 88.6 would probably trap bulls in the 88.6 - 91 region. (Fakeout)
A long trade would yield an impressive R:R if the bullish case plays out. Whereas if its a bear case, its more prudent to wait for the 88.6 level to be taken out before going short.
A small trade has been entered at 88.7, with a stop loss of a closing candle below 88.6.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.