CADJPY ____ INCOMING BEARISH DUMP
Hello Guys,
This pair has entered the weekly FVG but before doing that, it took out enough buy-side liquidity as marked on my chart. The pair had printed a bearish price structure on the monthly timeframe which explains why we should expect a bearish move to the marked TP on my chart.
I will go to lower timeframes most especially the 1-hour timeframe to look for my setup to take an entry short.
That's all folks.
If you have a question regarding this trade idea, let me know.
Cheers,
David
This pair has entered the weekly FVG but before doing that, it took out enough buy-side liquidity as marked on my chart. The pair had printed a bearish price structure on the monthly timeframe which explains why we should expect a bearish move to the marked TP on my chart.
I will go to lower timeframes most especially the 1-hour timeframe to look for my setup to take an entry short.
That's all folks.
If you have a question regarding this trade idea, let me know.
Cheers,
David
Trade active
The trade idea seems to be playing out but I am currently in GBPJPY short trade. It my Sell Limit was triggered before CADJPY so I had to cancel but as we can see. All is well and good. My trade expectation to my first TP on CADJPY was 17R... that's wild
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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.