CAD/JPY TREND FOLLOWING OR REVERSAL !
Hello everyone, I am Hadi Karaali, known as Sniper_FX
if you like the idea, do not forget to support with a like and follow.
CADJPY, as we can see price broke below this major swing low and traded lower
So, for now we are clearly bearish trading inside this channel
So, as the price approaching the lower support zone, we will be searching for buy setups as the zone lining up with the lower trendline acting as an overbought area
Unless price traded higher than we will be searching for new sell setups as a trend following setups, or any bearish reversal pattern as per your trading plan
OfCourse, unless price managed to break above the trendline then we will be testing the upper resistance zone to test it again
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
if you like the idea, do not forget to support with a like and follow.
CADJPY, as we can see price broke below this major swing low and traded lower
So, for now we are clearly bearish trading inside this channel
So, as the price approaching the lower support zone, we will be searching for buy setups as the zone lining up with the lower trendline acting as an overbought area
Unless price traded higher than we will be searching for new sell setups as a trend following setups, or any bearish reversal pattern as per your trading plan
OfCourse, unless price managed to break above the trendline then we will be testing the upper resistance zone to test it again
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
SEE YOU THERE: t.me/Snipers_F_x
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.