CADJPY BEARISH REVERSAL FORMED!
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, QUICK UPDATE.
As we can see price previously rejected our resistance zone and traded lower by breaking below our swing low marked on the chart.
Meanwhile, price now is retesting this zone!
So what we are waiting for now, price is still overall bullish from a short-term perspective,
And for the bears to kick in again, we need a break below the marked swing low, which is the neckline of the head and shoulders pattern!
If we had a break, then a movement lower would be expected.
1-2 Risk to reward ratio, from a risk management perspective and edge over the market.
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, QUICK UPDATE.
As we can see price previously rejected our resistance zone and traded lower by breaking below our swing low marked on the chart.
Meanwhile, price now is retesting this zone!
So what we are waiting for now, price is still overall bullish from a short-term perspective,
And for the bears to kick in again, we need a break below the marked swing low, which is the neckline of the head and shoulders pattern!
If we had a break, then a movement lower would be expected.
1-2 Risk to reward ratio, from a risk management perspective and edge over the market.
And as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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.