03-08-2022 _ Short Term Bearish Idea _ CADJPY M15

3 באוג׳ 2022

1- Bearish Hidden Divergence on H4 and H1.
2- Bearish Divergence followed by Convergence.
3- That's a typical scenario in which we can expect
consolidation / pullback followed by further
continuation to the DOWN side.
4- Currently it looks pullback is happening.

Target 1 @ 102.550
Target 2 @ 101.950

Protection @ 104.25

There we can enter Sell considering candlestick
pattern coupled with valid Trendline Breakout.

3 באוג׳ 2022

הערה

No Valid BO of the TL. So the trade did not trigger.

The price action has created new HH.

So, the Convergence is gobbled and the idea INVALIDATED