CADJPY - Trend-Following Buy Setup!

19 Jan 2023

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

🗒 CADJPY has been overall bullish trading above the blue trendline acting as a non-horizontal support.

Moreover, the zone 91.5 - 93.0 is a strong support zone .

📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and trendline in blue.

📉 As per my trading style:
As CADJPY approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich