POTENTIAL SHORT TRADE SET UP FOR CADJPY
Hello Guys,
The price is at the HTF previous swing high area with a series of bearish price actions here. After hitting the high with a bullish impulse, the price fell back below with a reversal impulse as there was no continuation structure to push the price higher. The reversal impulse was followed by a large corrective structure which has been broken out and we have a new continuation structure.
I am looking forward to see a decline in price here.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
The price is at the HTF previous swing high area with a series of bearish price actions here. After hitting the high with a bullish impulse, the price fell back below with a reversal impulse as there was no continuation structure to push the price higher. The reversal impulse was followed by a large corrective structure which has been broken out and we have a new continuation structure.
I am looking forward to see a decline in price here.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
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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.