Trading is all about patience. If you’re not patience, the probability of failing is very high. Here is my thoughts of CADJPY
I am looking at two scenarios with CJ.
1. Price break below 99.800 and drop to the next area which is 98.000
2. Price retest current price and creates a double bottom and goes back up to 101.000
Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation.
Remember to trade responsible. This is not a signal at all, just my thoughts.
I am looking at two scenarios with CJ.
1. Price break below 99.800 and drop to the next area which is 98.000
2. Price retest current price and creates a double bottom and goes back up to 101.000
Look at smaller time frames for patterns such as double tops and double bottoms for more confirmation.
Remember to trade responsible. This is not a signal at all, just my thoughts.