CADJPY 4H

May 5, 2020

We are currently breaking an ascending trend line. There's a center-like horizontal support/resistance which the latest trend has hit and is reacting on. If we close the next couple of 4H candles below the ascending trend line, we will likely double bottom on the primary trend line. If we can break above the center-like horizontal support/resistance, there's a high likelihood of heading to top of descending triangle line or horizontal resistance.

May 5, 2020

Note

Here's the short-side scenario on the 30M.

May 5, 2020

Note

We've back tested the ascending trend line and begun another leg down. How far down will it go?

May 6, 2020

Note

I had a sell on this but didn't trigger. I missed a giant drop.