A strange occurrence has appeared on CAD/JPY, an initial slowly decreasing range bound rectangle
but if you look more closely you will see a great quantity of Bullish and Bearish Rectangles.
(I labeled all of the rectangles in ellipses)
All of the ellipses located in the middle of the decreasing range bound rectangle have always moved downward, afterward when price action reaches the bottom support line, it creates a bullish rectangle.
Look to go short for the long term, but when price action reaches the bottom support line be ready to go long.
This pattern will eventually break, and when it does a large breakout will occur, be ready!!
but if you look more closely you will see a great quantity of Bullish and Bearish Rectangles.
(I labeled all of the rectangles in ellipses)
All of the ellipses located in the middle of the decreasing range bound rectangle have always moved downward, afterward when price action reaches the bottom support line, it creates a bullish rectangle.
Look to go short for the long term, but when price action reaches the bottom support line be ready to go long.
This pattern will eventually break, and when it does a large breakout will occur, be ready!!
