Hello traders around the world!
My name is Alexandre Karim and today we will be talking about CADJPY.
CADJPY is forming an ascending channel on the higher timeframe and following multiple touches on the upper TL.
I will be focusing on the short on these 2 areas:
1) High of the middle section at (101.791)
2) Third touch on the upper TL at around (102.700 / 103.500)
In these two areas, I'll be focusing on taking a reversal pattern for a short position.
If the price breaks the lower TL around (100.300) area, I'll be waiting for a continuation pattern for more downside.
Patience is key.
Wait for quality set ups.
#THEPRIMES
My name is Alexandre Karim and today we will be talking about CADJPY.
CADJPY is forming an ascending channel on the higher timeframe and following multiple touches on the upper TL.
I will be focusing on the short on these 2 areas:
1) High of the middle section at (101.791)
2) Third touch on the upper TL at around (102.700 / 103.500)
In these two areas, I'll be focusing on taking a reversal pattern for a short position.
If the price breaks the lower TL around (100.300) area, I'll be waiting for a continuation pattern for more downside.
Patience is key.
Wait for quality set ups.
#THEPRIMES