CADJPY > Two Popular Patterns, One Setup!!
Analysis on #CADJPY
Looking at the chart you can see the CADJPY might be forming a bearish harmonic bat pattern and ABCD harmonic pattern on the hourly chart, this pattern if completed it will happen in an area that has not been tested before but the market showed a bearish momentum to the downside from that zone near 91.40.
>> If the market comes to my structure resistance zone near 91.40 where the market turned bearish, I will then look for a selling trade with a good risk to reward if the entry rules are met.
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
Looking at the chart you can see the CADJPY might be forming a bearish harmonic bat pattern and ABCD harmonic pattern on the hourly chart, this pattern if completed it will happen in an area that has not been tested before but the market showed a bearish momentum to the downside from that zone near 91.40.
>> If the market comes to my structure resistance zone near 91.40 where the market turned bearish, I will then look for a selling trade with a good risk to reward if the entry rules are met.
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.