Theamy

CADJPY Long trade scenario

FX:CADJPY   캐나다 달러 / 일본 엔
Analysis :
  • Price Inside long term symmetrical triangle ,
  • Price bounced twice on the lower bound of a short term range,
  • Price break above the short term range,
  • The breakout was followed with huge volume

Scenarios:

Buy :
  • Wait For breakout confirmation,
  • Wait for the price to bounce on the upper bound of a short term range,
  • Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Inside bar etc,
  • Initiate BUY order,
  • Targets are TP1 to TP3,
  • SL Under the lower bound of the short term range.


/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

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