CADJPY Long - 9 May 2017
Background:
- 2nd bullish reversal candle off the 200MA support region
- Seems like it is currently forming the reversed right shoulder of a bullish H&S formation in weekly chart
Entry:
- Buy stop set at 20 pips above the 5 May 2017 bullish reversal candle @82.85
SL:
- Set at 20 pips below the bullish reversal candle low @ 81
PT:
- With the descending channel, the entire channel served as a resistance for this trade
- However, PT set based on weekly chart at previous swing high region @ 87
- 2nd bullish reversal candle off the 200MA support region
- Seems like it is currently forming the reversed right shoulder of a bullish H&S formation in weekly chart
Entry:
- Buy stop set at 20 pips above the 5 May 2017 bullish reversal candle @82.85
SL:
- Set at 20 pips below the bullish reversal candle low @ 81
PT:
- With the descending channel, the entire channel served as a resistance for this trade
- However, PT set based on weekly chart at previous swing high region @ 87
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.