Let's see how CADJPY behaves on the repeat of the same pattern
Because the trendline is from a lower level, we could see it breaking up. We could also see it reject that trendline like before and just continue down.
The shorter timeframe price action will give us the right clues as to what it is trying to do next.
But I find it interesting that the same trendline repeats one after the other.
Another theory is that it could break the lower trendline to go bounce off of the higher trendline... let's see
I don't think this will get manipulated because Cad and JPY behave nicely on trendlines
The shorter timeframe price action will give us the right clues as to what it is trying to do next.
But I find it interesting that the same trendline repeats one after the other.
Another theory is that it could break the lower trendline to go bounce off of the higher trendline... let's see
I don't think this will get manipulated because Cad and JPY behave nicely on trendlines
Trade active:
It broke upwards
