Evening Traders,
Today’s analysis – CADJPY – trading with a bullish market structure, further upside probable,
Points to consider,
- Price Action Impulsive
- Dynamic S/R Support
- Swing High Objective
- Low Volume
CADJPY’s immediate price action is impulsive, trading above its dynamic s/r with further upside being imminent.
The swing high is the current objective, exceeding this level increases the probability of a trend continuation.
The current volume profile is below average, an influx is highly probable when testing key trade locations.
Overall, in my opinion, CADJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
Today’s analysis – CADJPY – trading with a bullish market structure, further upside probable,
Points to consider,
- Price Action Impulsive
- Dynamic S/R Support
- Swing High Objective
- Low Volume
CADJPY’s immediate price action is impulsive, trading above its dynamic s/r with further upside being imminent.
The swing high is the current objective, exceeding this level increases the probability of a trend continuation.
The current volume profile is below average, an influx is highly probable when testing key trade locations.
Overall, in my opinion, CADJPY is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson