CADJPY - potential 'Sell' order
Updated
CADJPY, H4 - potential 'Sell' order.
Correction waves are forming and awaiting AC line breakout.
Entry confirmation:
Price is going down further than last recent low, MACD histogram indicating sell, then we aim to enter a 'Sell' order.
TP and SL, major resistance and support zones.
No signs of divergence on higher time-frames, on the daily chart.
PS: Please do your analysis at the same time and trade accordingly.
Correction waves are forming and awaiting AC line breakout.
Entry confirmation:
Price is going down further than last recent low, MACD histogram indicating sell, then we aim to enter a 'Sell' order.
TP and SL, major resistance and support zones.
No signs of divergence on higher time-frames, on the daily chart.
PS: Please do your analysis at the same time and trade accordingly.
Note
The idea was cancelled as the price did not break the AC line and it moved up further.Waiting for another possible trading opportunity.
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