Since mid-July, CadJpy has been trading inside an ascending triangle with price congestion in the last 3 weeks.
Ascending triangles are usually continuation patterns and considering the up trend of the pair, this could be the case also now.
However, a break under the support line could lead to a steep dive to important support at 102.
In my opinion, even if we have a break above the triangle's resistance, this will be a false one.
In conclusion, I'm looking to sell, either after the false break (if will be the case), or after the break of the ascending trend line down break.
Ascending triangles are usually continuation patterns and considering the up trend of the pair, this could be the case also now.
However, a break under the support line could lead to a steep dive to important support at 102.
In my opinion, even if we have a break above the triangle's resistance, this will be a false one.
In conclusion, I'm looking to sell, either after the false break (if will be the case), or after the break of the ascending trend line down break.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相关出版物
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
