CADJPY Bollinger Band Spikes on a nice support
Updated
Hi traders,
I am in a buy after a double Bollinger Band spike on a fairly strong support level and little down trend. Market structure is also indicating that we could expect a move up, breaking the top (impulse + completion of a corrective flat). If this 4H candle also closes outside of the Bollinger Bands, then we have a clear confirmation.
Make sure to cut your losses fast if there is a lack of momentum.
(This is not a trade recommendation!)
I am in a buy after a double Bollinger Band spike on a fairly strong support level and little down trend. Market structure is also indicating that we could expect a move up, breaking the top (impulse + completion of a corrective flat). If this 4H candle also closes outside of the Bollinger Bands, then we have a clear confirmation.
Make sure to cut your losses fast if there is a lack of momentum.
(This is not a trade recommendation!)
Note
Trade put to break-even.
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