CADJPY Market Sentiment: Bullish (that is about to hit a Reversal Point and turn Bearish as a weekly bullish pattern is about to complete its cycle)
NOTE:
A pattern is forming (Rising wedge)
In executing a trade using this pattern, we are looking for a breakout that is likely to form a bearish continuation pattern that should only be traded if there is a pullback close to the breakout point or just above the entry line in the rising wedge image above.
Writer: Nature
Editor (s): Nature & Awe Olufunso Team
Publisher: Awe Olufunso Team
No comments:
Post a Comment
Disclaimer
Comments expressed here do not reflect the opinions of aweolufunso.blogspot.com or any employee thereof.
This blog is a true account of the trading results of the Author but does not in any way imply that the results will be similar for the average reader. Seek advice from an independent certified financial adviser and DO YOUR OWN RESEARCH!