CADJPY - Possible Reversal Trade by Resistance TL breakout.
This will be a reversal category setup, as price seems to be recognizing the resistance trendline as a barrier that bulls need to break.
This is going down for now, and it may make one more push downwards, but I'm looking at an eventual (next week) breakout and price rising to next resistance.
This is going down for now, and it may make one more push downwards, but I'm looking at an eventual (next week) breakout and price rising to next resistance.
Комментарий:
entry not hit, looks like I was right with the one more push down, will be waiting for a rebound off that support trendline down there and then a break of the resistance trendline, in that order, to buy next week.