CADJPY: Potential Bullish continuation

29 במרץ 2020

Since 18th Mar, price has been making higher high/higher low. Last Fri NY closing session, I spotted sign of strength(SOS) in the second last H4 bar. It was the highest volume traded on Fri but price close in the middle range(SOS). And the fact that the next bar close near the top of the high volume bar with lower volume kind of confirmed the strength of CADJPY. Further more, this happen near a previous HL where strength was last seen. Could this be another higher low in the making? I will be looking at the lower time frame for trigger to go LONG targeting the recent high follow by a daily SZ above.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.

29 במרץ 2020

הערה

It was just highlighted to me that there might be a potential H&S. On second look, there is actually a rejection of the HH. But there are still pips to be make on a LONG trade. The targeted profit will be 0.7800 instead.