CAD/JPY LONG POSITION, head and shoulders pattern
Ok, so... Ahh... it's going to be fast comment. I'm tired tonight but I feel good enough to make some analysis. I'll probably go do some backtesting soon.
Pros:
-1h, the trend line goes up
-1h, head and shoulders pattern
-1D, good bounce from resistance
Cons:
-1W, is in downtrend
-4h, is in downtrend
-1h didn't break the suppor line yet
All, I can do right now is waiting. If everything goes like I see it, I will delete take profit and manage my trade by moving my stop loss.
Pros:
-1h, the trend line goes up
-1h, head and shoulders pattern
-1D, good bounce from resistance
Cons:
-1W, is in downtrend
-4h, is in downtrend
-1h didn't break the suppor line yet
All, I can do right now is waiting. If everything goes like I see it, I will delete take profit and manage my trade by moving my stop loss.
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.