Trend: Long term bullish
Structure: Head and shoulders / Support and resistance.
Plan: This is similar to my previous CADJPY idea by that it is slightly similar to a head and shoulders pattern, but can also be interpreted as a support and resistance play.
We look for price to bounce off of the upper resistance level and move to previous low.
MACD confirmed short and use good MM.
Structure: Head and shoulders / Support and resistance.
Plan: This is similar to my previous CADJPY idea by that it is slightly similar to a head and shoulders pattern, but can also be interpreted as a support and resistance play.
We look for price to bounce off of the upper resistance level and move to previous low.
MACD confirmed short and use good MM.