Cadjpy - 2 Scenarios to play with - 1st scenario would be short
Weekly chart
Last weekly candle, body alone covered previous bodies.
The weekly candle wiped out the previous 5 weeks of price actions.
My first option would be to keep selling the dips until or unless it breaks ema200 on the weekly and hold, then my view would be to continue to buy.
In the meantime, Keep the shorts.
Last weekly candle, body alone covered previous bodies.
The weekly candle wiped out the previous 5 weeks of price actions.
My first option would be to keep selling the dips until or unless it breaks ema200 on the weekly and hold, then my view would be to continue to buy.
In the meantime, Keep the shorts.
Note
Note
So far so good
Needs to break and hold below 84.2 for further confirmation for down trend continuation, Otherwise this may still climb up as a flag/channel pattern has been created.
Note
Choppy week but objective has not changed.
Note
Note
Got that deeper correction. Still anticipating the move to go lower. Still holding
Note
late update - manually closed this trade at 84.35 as it re-entered above MPP.
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Related publications
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.