CADJPY - Wait For The Trigger!

19 בפבר׳ 2023

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on H4: Left Chart
CADJPY is sitting around a daily resistance and round number 100.0 so we will be looking for sell setups on lower timeframes.

on H1: Right Chart
CADJPY formed a head and shoulders pattern but it is not ready to go yet.

🏹 Trigger => for the bears to take over, we need a momentum candle close below the gray neckline to sell.

Meanwhile, until the sell is activated, CADJPY can still trade higher inside the resistance 100 - 101

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich