Bias - Short
Evidence -
(1) Break of clear upwards trend in last weeks price movement with a retest and fade.
(2) Series of LL and LH indicating bearish structure, following clear downwards trend line.
Method -
This will be an early in the week trade as price is already at the bearish trendline we wish to play off.
Enter as close to trendline as possible as soon as a clear new LH is made.
CADJPY
Evidence -
(1) Break of clear upwards trend in last weeks price movement with a retest and fade.
(2) Series of LL and LH indicating bearish structure, following clear downwards trend line.
Method -
This will be an early in the week trade as price is already at the bearish trendline we wish to play off.
Enter as close to trendline as possible as soon as a clear new LH is made.
CADJPY