trungle83

CADJPY - Possible scenario

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trungle83 アップデート済   
FX:CADJPY   カナダドル/円
CADJPY is very extended and could use a breather.
Next week I will be looking for possible long trade up if the patterns play out as illustrated.
We're not going to complicate things, Bear Flag and Potential Double Bottom formation with a good RSI Divergence. Preferably Daily Chart to have an RSI Divergence as well.

Daily Time frame

Strategically, if this trade works out, I am not going to close it but to position myself as this could possibly be the bottom. Will explain in future videos and progress.

Have a great weekend.

Like, Share, Comment is all welcome.

Cheers
コメント:
Half way mark to TP
コメント:

Making new higher highs. Good signs of continuation as we broke past the previous high.
コメント:

Done, Choppy but got there.

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