Hello Traders,
Hope you all are doing good!!
Although the overall bias onn the pair is Bearish but i expect a short term upward price movement.
Currently the pair is making correction and trading in ascending triangle. If the price break above and retest the triangle horizontal line, i will look for a Bullish signal to take a LONG.
TP @ 79.6
NOTE:- From COT perspective, obviously the JPY is looking very strong and CAD weaker (Profit taking on LONG & SHORT). Next COT report, if we see more JPY LONGS addition and CAD gets more weak, we will look for a SHORT signal for a very good R:R.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Hope you all are doing good!!
Although the overall bias onn the pair is Bearish but i expect a short term upward price movement.
Currently the pair is making correction and trading in ascending triangle. If the price break above and retest the triangle horizontal line, i will look for a Bullish signal to take a LONG.
TP @ 79.6
NOTE:- From COT perspective, obviously the JPY is looking very strong and CAD weaker (Profit taking on LONG & SHORT). Next COT report, if we see more JPY LONGS addition and CAD gets more weak, we will look for a SHORT signal for a very good R:R.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position.
Trade closed: target reached
Congrats Traders!!
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper
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.