CADJPY_28.09.2023_Potential to develop triangle & double top
CADJPY analysis:
1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down.
2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern.
3. Time frame H-4, price has the potential to develop rising wedge pattern.
Double top & rising wedge patterns have potential to form in a strong resistance area, so we can make this momentum to find a good position to have a selling position.
Notes:
- This is a personal analysis, please adjust it to the existing conditions.
- This is not a buy/sell recommendation. This is just my personal analysis.
- Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours.
- Still in the learning process, let's learn together :)
Thank You
1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down.
2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern.
3. Time frame H-4, price has the potential to develop rising wedge pattern.
Double top & rising wedge patterns have potential to form in a strong resistance area, so we can make this momentum to find a good position to have a selling position.
Notes:
- This is a personal analysis, please adjust it to the existing conditions.
- This is not a buy/sell recommendation. This is just my personal analysis.
- Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours.
- Still in the learning process, let's learn together :)
Thank You
Trade active
Price running to profit area-19 Oct 2023-
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.
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.