cadjpy

this trade is kinda tricky from my point of view. i've seen the strong bearish trend in the monthly which stopped and now seems to be consolidating and the price is currently at 83.000 level which is a strong s/r . besides in the weekle i see there is a bullish trend and in the daily the price broke the weekly trend line and the 83.00 zon but it wouldnt mean for me to jump immediately into a short trade since the daily could still lose above the area. however in the lower time frames ill be expecting a ll lh formation plus the confluence of the 83.00 level and 61.8 fibb level to go short just a good confirmation needed to cut unnecessary risks

İşlem aktif:

still running almost at tp and already SP

Yorum:

the confirmations taken here were candlestick patter + strong zone +50-61.8 confluence + break through key zone +pullback +break through daily trend

İşlem aktif: