CADJPY - Wait For The Trigger!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a head and shoulders pattern but it is not ready to go yet.
🏹 Trigger => for the bears to take over, we need a momentum candle close below the gray neckline to sell.
Meanwhile, until the sell is activated, CADJPY can still trade higher inside the resistance 100 - 101
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on H4: Left Chart
CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a head and shoulders pattern but it is not ready to go yet.
🏹 Trigger => for the bears to take over, we need a momentum candle close below the gray neckline to sell.
Meanwhile, until the sell is activated, CADJPY can still trade higher inside the resistance 100 - 101
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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