CAD/JPY 4HR POSSIBLE BREAK OF 'BULLISH' FLAG
Waiting for price to retrace to the 4hour, 50ema and gain momentum to break the channel so i can confirm a Long trade.
I see price retracing to 50ema where there is also a 61.8fib level from a previous successful structure.
4hour channel + (potential candlestix) & Gr4d within.
thumbs down: No 123 patterns in motion but weekly just closed on bullish 123 last week.
no we have a new Gr4d which has not been touched unline the candlestix Gr4d before it which has been pierced but price has not closed over yet.
Overall we are still bullish but i do not have my potential 123 in motion to confirm my trades.
I see price retracing to 50ema where there is also a 61.8fib level from a previous successful structure.
4hour channel + (potential candlestix) & Gr4d within.
thumbs down: No 123 patterns in motion but weekly just closed on bullish 123 last week.
no we have a new Gr4d which has not been touched unline the candlestix Gr4d before it which has been pierced but price has not closed over yet.
Overall we are still bullish but i do not have my potential 123 in motion to confirm my trades.
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No 123 looking like a massive rejection Sell off..