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Cadjpyidea

CADJPY Bollinger Band Spikes on a nice supportHi traders, I am in a buy after a double Bollinger Band spike on a fairly strong support level and little down trend. Market structure is also indicating that we could expect a move up, breaking the top (impulse + completion of a corrective flat). If this 4H candle also closes outside of the Bollinger Bands, then we have a clear confirmation. Make sure to cut your losses fast if there is a lack of momentum. (This is not a trade recommendation!)
Long
by MyChildTradesBetterThanYou
CADJPY Possibly Started Going Up AlreadyHi there, I see a smaller correction marked with green arrows. The last three daily candles show some strong move up and if this is the C wave, I believe that we could be seeing a completion of the regular flat soon. Looking at the bigger picture, if we go down from here, I could imagine seeing a further move down to complete the regular flat (marked in blue + orange arrows) and then the next impulsive move up. We will see how it develops. The more information I get on this chart, the easier it will be to understand what is going on. MisterRay
Long
by MisterRay