CADJPY 1h/15m Sell
The criteria to fulfill
1. Clean and strong sell breach ✅
2. Weak buyers pullback with sellers holding them back ✅
3. A pullback to the sell S/R breach line and seller guy responsible area ✅
4. Mini buyer territory formed with illusion spot ✅
5. Big boy seller showed themselves with an opposite-V formation ✅
6. Weak test (pullback) towards the previous support turned current resistant (Pending)
After all criteria have been fulfilled, the sell can happen. It's safe to go ahead for a sell with Stop-Loss placed slightly above the opposite V-formation, and Take-Profit placed slightly above the recent low.
1. Clean and strong sell breach ✅
2. Weak buyers pullback with sellers holding them back ✅
3. A pullback to the sell S/R breach line and seller guy responsible area ✅
4. Mini buyer territory formed with illusion spot ✅
5. Big boy seller showed themselves with an opposite-V formation ✅
6. Weak test (pullback) towards the previous support turned current resistant (Pending)
After all criteria have been fulfilled, the sell can happen. It's safe to go ahead for a sell with Stop-Loss placed slightly above the opposite V-formation, and Take-Profit placed slightly above the recent low.
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