CADJPY
Updated
If the Descending Triangle+4h supply zone breaks Downward, a weak pullback can provide us a short position.
Downward Signals:
1. Daily channel Downward breakout
2. S1 Monthly Pivot(Traditional) Breakout
3. Descending Triangle
4.Moving Average EMA 100 Breakout in daily
!!!!5. if 4h Supply Zone breaks with a weak pullback turns to a resistance zone as a fifth Signal
Downward Signals:
1. Daily channel Downward breakout
2. S1 Monthly Pivot(Traditional) Breakout
3. Descending Triangle
4.Moving Average EMA 100 Breakout in daily
!!!!5. if 4h Supply Zone breaks with a weak pullback turns to a resistance zone as a fifth Signal
Note
If you adjust the sides of the triangle we might have a symmetrical one. still we are waiting for a breakoutNote
It seems that we have a flag pattern in daily timeour 4h triangle failed and turned to a rectangle pattern , the bearish momentum is high we might not have a pullback. After breakout confirmed you can enter into the position.
Please consider risk reward ratio
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